Ancelotti eyes Champions League success

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Ancelotti, 49, officially takes charge on July 1 as Chelsea's fifth manager in less than two years following Jose Mourinho, Avram Grant, Luiz Felipe Scolari and Guus Hiddink.

"For me, the Champions League is a beautiful sensation because when I played I won two times in 1989 and 1990 and it was a fantastic achievement," he said.

"And it was the same as a coach in 2003 and 2007. Champions League, for me, is the best competition in the world and all teams want to win it.

"Five semi-finals in six years is a beautiful score (for Chelsea) but now we need to win."

Hiddink ended his short stint in charge with victory over Everton in Saturday's FA Cup final and a warning that Chelsea must instil some stability at the top, and give the new man time to bed in.

The Dutchman had agreed to take over on a temporary basis and succeeded in steadying the ship after a turbulent two seasons at Stamford Bridge following Mourinho's departure.

Chelsea indicated it was Ancelotti's long-term success that made him their number one target.

A club statement read: "Carlo was the outstanding candidate for the job. He has proved over a long period his ability to build teams that challenged for, and have been successful in, major domestic and European competitions.

"He also had a highly successful playing career in those competitions and therefore brings unparalleled all round experience to the job."