The Italian coach praised the professionalism of his Mexican striker, hopeful the form and goals continue.
Gareth Bale and Karim Benzema remain sidelined, as Real Madrid named their squad for Wednesday's encounter with Almeria in La Liga, meaning that once more, Javier 'Chicharito' Hernandez is likely to start alongside Cristiano Ronaldo.
Thursday 30th April is the deadline set by Manchester United, as part of their loan agreement, for Real Madrid to make a decision if they want to exercise their €20 million option to make his move permanent.
The Bernabeu hierarchy is expected to haggle that price down, and want more time to make a final decision, as Ancelotti explained: "It's a matter which we'll evaluate at the end of the season."
As for whether he'd like Chicharito to stay with Real Madrid next season, given his backing for the player could be a key factor, Ancelotti responded: "I have liked his professionalism throughout the season and that he's taken advantage of his opportunities."
Ancelotti continued with his praise, indicating that he'd be happy for Chicharito to remain with Real Madrid, pointing out: "For a manager, having a player like this is very positive."
Prior to his crucial start and winning goal against Atletico Madrid, which sent Real Madrid through to the Champions League semi-finals, Chicharito had spent most of his time warming the substitutes bench.
Taking the explosion of form and goals from the Mexican into account, Ancelotti was pushed to offer a view on whether he regrets the limited opportunities, he's thus far afforded Chicharito.
The Italian coach was honest with his reply, acknowledging: "How many times I've made mistakes... But when you have to pick an eleven, sometimes you make mistakes. In the end though, we can't think about that. We have to evaluate the moment. He's helped the team and hopefully he'll carry on like this."
The player himself will be keen to continue making the most of his new found protagonism, hungry for more games and goals, along with the chance to earn himself a permanent move to Real Madrid.