Ancelotti admitted that he would like to stay at the Santiago Bernabeu after Madrid were held to a 1-1 draw by the Italian champions and lost 3-2 on aggregate but his future is in the balance as Los Blancos end the current campaign without a major trophy.
Asked whether he could confirm that the Italian - who led Madrid to four titles in 2014 - would be at the club next season, Butragueno told Canal+: "Today we have to be together. We all win and we all lose. The feeling of sadness is a general one.
"We congratulate Juventus for the way they played the tie. We have two league games left and now we have to concentrate on that."
Pressed again on the future of the Italian and the Madrid players, Butragueno was non-committal once more.
"Tonight we have lost and that is the important thing at the moment," he said. "We are all sad and everything else is secondary.
"We felt we had the opportunity to get to the final," the director added. "The atmosphere was sensational but it didn't work out as we had wanted.
"We deserved more. After all that effort, scoring only once leaves you cold. We haven't had luck lately but, when you give everything, there can be no reproach. The players gave everything and I would also like to thank the fans for their support."