Villa has been linked to PSG in recent weeks, with Spanish newspaper Sport claiming the Paris-based club were lining up a €30 million offer for the Spain international.
However, despite stating his respect for Villa, Ancelotti says he is not willing to take a risk on the injured striker.
“We have not thought about David Villa for the simple reason that he has been injured for a long time,” Ancelotti said.
“He is a great forward, but we are in the process of searching for one who does not have physical problems. Besides, I do not even think that Barcelona would let him go.”
Ancelotti has added Ezequiel Lavezzi to bolster PSG’s attack this summer, while reports in Le Derniere Heure claim an €8 million bid for playmaker Matias Suarez will be submitted to Anderlecht this week.
Paris Saint-Germain will kick-off their 2012/2013 Ligue 1 campaign on August 12 when they entertain FC Lorient at Parc des Princess.
David Villa, who spent most part of the last season out injured with a broken leg, is rumoured to be unhappy over Pep Guardiola’s decision to leave Barcelona this summer.
In the last couple of weeks Villa has been linked with moves to PSG as well as Arsenal, with Barcelona reportedly interested in trading David Villa to Arsenal for Robin van Persie.