Bayern Munich chief-executive Karl-Heinz Rummenigge, had fueled speculations when he suggested during an interview that he liked the Argentine.
Rummenigge was speaking about how it is extremely difficult to sign established stars in modern football and cited Dybala’s name as an example.
Ancelotti on the other hand said that he feels such a transfer move would be highly unrealistic.
“Dybala is a very good player,” Ancelotti said at his pre-match media conference when questioned about the possibility of the transfer.
“But these rumours are a myth. We are focused on our game and the matches that follow it.”
“We have no time to think about these myths.”
Bayern are set to win the Bundesliga again as they sit on the top.