PSG had tried to sign Pato from Milan in January, but negotiations eventually broke down when the 22-year-old announced that he wanted to stay at the San Siro.
However Ancelotti admits the Brazilian international is still a transfer target for the Lique 1 outfit.
”For now, the Pato option has collapsed,” Ancelotti told La Stampa.
”However, in June, we will evaluate numerous options, and he will be one of them.”
Pato’s contract with AC Milan runs until the summer of 2014.