Ronaldo had already signaled his support for Ancelotti on Saturday, the Portugal forward saying he hoped to work with him again next season.
It is looking more and more likely that Rafael Benitez will be named the new coach of Real Madrid as the replacement to Carlo Ancelotti next week.
Real fired coach Ancelotti on Monday as the Spanish club again showed they won't tolerate a season without a major trophy.
Perez is expected to make Ancelotti the scapegoat after Real ended the season without winning a major trophy but the intervention of Ronaldo may make him think twice.
"My future is clear in my head. Either I continue here or I will stop for a year," said Ancelotti.
"I've lost count of how many goals he has scored this season. He has done his utmost to help the team," said Ancelotti.
"The club is assessing things and I'm excited about the idea of staying because I like the club and the city," said Ancelotti.
If there is one lesson Ancelotti has learned during his two seasons in Spain it is that resting on your laurels is not an option.
The club is poised to go without any silverware this season after being dumped out of the Champions League by Juventus.
Real Madrid coach Carlo Ancelotti fended off questions about his future after the Champions League holders were dumped out in the semi-finals by Juventus 3-2 on aggregate on Wednesday.
The committee says on Wednesday that Ancelotti applauded continually in a disrespectful manner as referee Clos Gomez blew the final whistle on Madrid's 2-2 draw against Valencia.
Madrid coach Carlo Ancelotti has hit back at Gareth Bale's agent for suggesting the Wales winger's team mates do not pass to him enough.
Kroos pulled up lame against Valencia in the 25th minute and trotted to the bench, where he touched the back of his left thigh.
Real's injury worries are starting to ease with Benzema following Gareth Bale back into the squad, as Ancelotti's side continue their pursuit of Barcelona at the top of the table.
Bale barely made an impact against Juve before being substituted near the end had a mere 14 touches in the first half, six fewer than Real goalkeeper Casillas.
Ancelotti will have to rethink his tactics ahead of the Champions League return leg after Ramos came unstuck in the semi-final clash with Juventus.
"Barcelona are a brilliant team. Their attackers are very effective. They are all so good. It's no surprise they can score so many goals," Ancelotti said.
If beating Atletico wasn't hard enough for Real, they must now find a way to better their rivals in Champions League without 4 of their most important players.
"At the moment we can't say anything but we will evaluate the situation over the next few days," Ancelotti told.
PM Says Situation Similar to 'Social Emergency', Suggests Lockdown Won't Be Lifted in One Go
Hotspots in 15 UP Districts to be Sealed Till April 15, Govt Assures Home Delivery of Essentials
Behaviour or Biology? Coronavirus Kills Men Twice as Often as Women in New York
New Research Links Air Pollution to Higher Coronavirus Death Rates