Chelsea's 2-1 defeat at Old Trafford all but ended their title hopes - United need only a point from their last two games - but despite having secured the London club a first double last season, the Italian now faces a nervous two-week wait.

Ancelotti said: "I have another year on my contract and I would like to stay but it is the decision of the club.

"The club will take a decision at the end of the season, we have two more games, two more weeks and we wait and see. We will arrange a meeting after the end of the season."

Ancelotti said he did not know Chelsea owner Roman Abramovich's opinion of the season but he admitted the club could have done better.

He added: "I don't know what the owner thinks about the season but in my opinion we could have done better.

"I am honest to say that Chelsea didn't do its best this season but sometimes that can happen. Last season we had a fantastic season, this year it was a little bit different."

Asked whether he favoured returning to his native Italy, the Chelsea coach said he would one day - but has found England very much to his liking.

He said: "Italy is my country and I cannot say I don't want to come back to Italy - I will come back to Italy one day as I love my country.

"But in the last two years I have found a fantastic atmosphere in football, a fantastic country, and I respect the people. There is no violence in the stadium, the stadiums are full and I would like to stay here for these reasons."

Ancelotti has come in for criticism for relying on players who have been stalwarts since Jose Mourinho's time - nine of the starting XI against United had played under Mourinho four years ago - but he claimed there was no need to completely shake up the squad.

"This year we bought (David) Luiz, Ramires and Fernando Torres who are all fantastic players and this was enough for the future," said Ancelotti.

" I don't think this team needs to have a lot of movement and now is not the right time."