The youngster attracted interest from a number of top clubs, including Manchester United, but he snubbed a move to Old Trafford in favour of joining Bayern last summer.
"There is no way".
"I'm young and I have to play a lot. We have to make a decision", said Ancelotti when quizzed about Sanches' future.
Sanches joined Bayern from Benfica last summer for around £27million.
"At this time, he's training with us".
"I know there are rumours but it's normal".
Bernat landed awkwardly in the 4-0 defeat to I Rossoneri after competing for a high ball with Milan loanee Franck Kessie and immediately signalled to the bench that he needed to come off.
Arsenal broke their club record to sign Alexandre Lacazette for £52.7m while Manchester City's spending has gone beyond the £200m mark with the signing of the world's most expensive defender Benjamin Mendy (£52m) yesterday.
However, Ancelotti acknowledged that Portugal worldwide Sanches could yet move on. "Vidal will 100 percent stay with us".
Ancelotti coached the 24-year-old Spain worldwide at Real in 2013 and 2014.
Sanches can play in either the deep-lying midfield role, from where he can dictate the tempo of the game, or a more orthodox central midfield position, where he can perform the box-to-box role with distinction.
Bernat was sent home from China for treatment after head coach Carlo Ancelotti confirmed the player would miss the remainder of their pre-season tour.
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