A deal reuniting James and Ancelotti is yet to materialise.
Carlo Ancelotti says Napoli are still negotiating a deal to sign James Rodriguez from Real Madrid.
The Colombia international has been constantly linked with a permanent move away from the Bernabeu this summer, with Atletico Madrid and Napoli keen on the midfielder’s services.
Rojiblancos, though, are understood to be Rodriguez's preferred choice to be his next club and a move across the Spanish capital is odds-on at 4/6 (-150) with Betfair.
Asked about Napoli's pursuit of James, Ancelotti told TV Luna: "I'm not aware of a deal with Atletico.
"We're still talking for James, a player that I really like. I'm very attached to James, I rate him very highly and he can certainly improve our team.
"He doesn't need to re-announce himself, he's a great player. But he's not the only player we're openly negotiating for. We're assessing many players."