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By Gregory Blachier and Olivier Guillemain

PARIS, April 26 (Reuters) – Former Chelsea and AC Milan

coach Carlo Ancelotti has shrugged off media speculation he is

only a short-term appointment at Paris St Germain by committing

himself to the French club for “as long as possible”.

The Italian replaced Antoine Kombouare at the Ligue 1 team,

owned by the wealthy Qatari Sports Investment group, in

December.

PSG have slipped from first to second since Ancelotti, who

won the Champions League with Milan in 2003 and 2007, took

charge but they are just two points behind leaders Montpellier

with five games to go.

“I hope to stay as long as possible,” he told Reuters in an

interview at the club’s Le Camp des Loges training facility.

“I know my time here will depend on results, and that’s

fair, but we’re working well and will improve. The whole

project, building a competitive team, inspiring a new

philosophy, weighed heavily on my decision to come here.”

PSG have failed to qualify for the Champions League for six

years but spent more than 80 million euros ($105.84 million) in

the close season to overhaul their squad, including splashing

out a French record fee of 42 million on Argentina playmaker

Javier Pastore.

“We want to be competitive in the Champions League as soon

as next year and I think we will be,” said Ancelotti who needs

to finish in the top three to qualify.

“We want to go as far as we can although it is hard to set

up a goal until we enter the competition. Making the

quarter-finals would be a good start as it would mean being one

of Europe’s top-eight clubs.”

GIFTED PLAYERS

Ancelotti, however, will need to strengthen a squad that

failed to reach the last 32 in this season’s Europa League.

“We have the facilities we need, we have a great stadium but

we clearly lack the strength in depth to be called a great

team,” he said ahead of Sunday’s Ligue 1 clash at third-placed

Lille.

“We need gifted players and we will try to find some but we

will not revamp the team. We will add a few players to improve

the squad’s overall quality.”

Ancelotti could be handed the top players he is seeking

after PSG chairman Nasser al-Khelaifi said he would spend as

much as 100 million euros in the next transfer window.

“It is difficult for any team to win the Champions League,”

said the Italian.

“It is impossible to say when we will be able to win because

it needs everything to be in the right place at the right time.

It was difficult for Real Madrid and Barcelona,” added Ancelotti

referring to this season’s beaten semi-finalists.

Chelsea’s victory over holders Barcelona came as no shock to

the Italian.

“I was not that surprised as Chelsea are talented and

experienced,” he said.

($1 = 0.7559 euros)

(Editing by Tony Jimenez)