Marco Asensio will be competing in the Olympics with Spain this year.
Two seasons back, Asensio ruptured a crucial ligament and missed 41 games for Real Madrid.
Last season he featured regularly for Los Blancos after recovering from his ACL injury.
The 25-year old attacked missed out on the Euro 2020 squad but managed to make it to the Olympics squad and will use the games to overcome his serious knee injury.
“Yes, I only just signed in the winter, he was still the coach, but I am very excited for everything that comes after the national team (duties),” he said of working under Ancelotti for the second time in an interview with Marca.
He added: “In negative situations, one has to always take the positive.
“I have been able to work on other facets that I wanted to before but didn’t so much like tactically, the right foot. There are many things that through the injury you notice more.
“I have been able to see my games, analyse myself well.
“All this adds up and reflects on the pitch.”