The former Real Madrid boss cannot wait to get started at the Allianz Arena and hopes to match Giovanni Trapattoni, the club's only previous Italian boss
The former Real Madrid boss pointed out he is the second Italian to take charge of the club after Giovanni Trapattoni and hopes to be remembered as fondly as his compatriot – a Bundesliga winner in 1996-97 – at the end of his own spell.
Ancelotti was presented by Bayern on Monday after agreeing a three-year deal to replace Pep Guardiola, who has joined Manchester City.
He said: "I am the second Italian to take charge of the club after Giovanni Trapattoni – a legend. I hope that I also can leave a legacy here as he did.
"I really love my job and we will try to do our best. I know that Bayern have had a fantastic history in the Bundesliga. They have won a lot of titles in a row and have a fantastic history in the Champions League.
"We want to be competitive in all the competitions. A manager can control everything with the help of the club apart from the result unfortunately. If I could control the results I would be a magician, but I am only a manager.
"The Bundesliga is a really interesting championship to be in. With [Borussia] Dortmund and Wolfsburg, it is a competitive championship. What I like is the atmosphere that you can see every single time, at every match, in the stadium with no violence and this is a good image for football."
He continued: "A lot of people ask about the pressure. I have had the luck in my career to coach top, top teams – [AC] Milan, PSG, Chelsea, Juventus, Real Madrid.
"I know every top club wants to win, but honestly I don't feel a lot of pressure because I am used to it."
Ancelotti would not divulge any specifics regarding the futures of Mario Gotze and Mehdi Benatia, both of whom have been linked with departures.
The head coach said: "Like with Benatia, Gotze is still a Bayern player. I will train him and consider him while that is the case.
"I spoke with him a month ago and we both gave our opinions but what we said will stay private. As long as he is a Bayern player I don't have to think of other things."