The Blues went down 1-0 to Wolves at Molineux tonight, Jose Bosingwa's own goal after five minutes deciding the contest, as their faint title hopes all but disappeared.

The defeat made it one wins from their last nine league games for Chelsea, who are nine points behind leaders Manchester United having played a game more.

Despite presiding over the club's worst run of form since the 1995-96 season, Ancelotti is determined to fight on.

Asked if he was confident he was the right man for the job, the Italian said: "Yes, I know this team very well and I'm sure that this moment will change and we will be able to fight for everything this season.

"I don't fear (for my job). I'm worried because the team doesn't reach the result. I think it's obvious we are not good enough in this moment.

"But the team has the skill, the ability, the character, the personality to move on. It's important to stay compact, to stay together and to work hard for each other."

The former AC Milan boss admitted the decision over his future could be taken out of his hands, although he does not have a meeting planned with owner Roman Abramovich.

"It's not my decision. I hope I can continue this job, because I would like to stay here and I have a good relationship with the players and with the club," he said.

Ancelotti did not write off his side's title chances completely, but admitted they looked bleak.

"We can fight for a lot of things, nothing is lost in this moment," he said.

"It's difficult to come back in the Premier League but we have the FA cup and the Champions League."

The Chelsea boss claimed going behind so early in the game was key, Bosingwa unwittingly diverting the ball into his own net from almost on the goalline from a Stephen Hunt corner.

His side had chances to level through Salomon Kalou, who fired a one-on-one opportunity wide, and Didier Drogba, who fired a snapshot against a post, but Wolves' first Premier League win over Chelsea was just reward for some resolute defending.

"The most difficult thing for us was we conceded the goal after five minutes," said Ancelotti.

"It was not the right way to start the game, we wanted to start the game differently, but we conceded a goal from a little detail, I think we could have done better, and after that the game was very difficult.

"I think we had some opportunity to get back in the game but were not able to score. It's another defeat, at the moment it's very difficult."

Wolves boss Mick McCarthy praised the effort of his players as they recorded a win which took them out of the bottom three.

"For effort and endeavour they never leave a drop on the pitch," he said. "They give me everything, for which I'm hugely thankful and proud of.

"We sometimes lack a bit of quality and sometimes make mistakes - and that's me included - but as a unit they're fabulous in terms of what they give me.

"We played 4-4-2 against the much-lauded 4-3-3 and I asked them to do certain things. You can ask them, but it's the players who deserve the credit and the plaudits for doing it. They have to work blooming hard to play that way and they did."

McCarthy revealed he is also keen to sign Aston Villa midfielder Steve Sidwell, who had been expected to move to West Ham but was reportedly at Molineux tonight.

"I haven't spoken to him," said McCarthy.

"If he's available and we can agree a fee and terms I would take him in a heartbeat. If that's the case we'll sign him."