 Ancelotti akabatana neParma mwaka wakatevera, timu yakanga ichangobva kunakidzwa nemakore akati wandei ekubudirira mudzimba nekuEurope pasi pemaneja wekare Nevio Scala, uye yaive nevatambi vechidiki vanovimbisa, kusanganisira nyeredzi dzeramangwana dzeItaly Gianluigi Buffon naFabio Cannavaro. Ancelotti akaita kutanga kwake muCoppa Italia mukurasikirwa ne31 kuPescara. Ancelotti akaita shanduko dzinoverengeka kukirabhu, achishandisa yakasimba Sacchi-yakafuridzirwa 442 kuumbwa, uye kutanga achiendesa kumberi kwekugadzira Gianfranco Zola kunze kwenzvimbo kuruboshwe kuruboshwe kuitira kuti agone Hristo Stoichkov kumberi, kunyangwe vese vatambi vakazotengeswa nekirabhu mushure mekushomeka kwenguva yekutamba nekuda kwekutambudzika kuita muchirongwa ichi. Nekubatana kutsva kwekurwisa kwaEnrico Chiesa naHernán Crespo, Parma yakapedza yechipiri muSerie A panguva yemwaka wa1996 97 pasi paAncelotti, iyo yakavavimbisa nzvimbo muchinyorwa chinotevera cheEFAFA Champions League. Mwaka unotevera, kirabhu yakanga yabvumirana kusaina mumwe mutambi wechiItaly, Roberto Baggio, asi Ancelotti akadzivisa kutamisa sezvo iye zvakare asina kunzwa kuti mutambi akaita saBaggio aizokwana muzvirongwa zvake zvemaitiro. Ancelotti akazotaura kuti akazvidemba nezvechisarudzo ichi, achiti panguva iyoyo aifunga kuti 442 ndiyo yaive gadziriro yakanaka yekubudirira, uye kuti vatambi vanorwisa havana kuenderana neiyi sisitimu. Mushure mekutambura kwekutanga kutenderera kubviswa mu1997 98 Champions League, uye semifinal kuoneka muCoppa Italia, Ancelotti akakwanisa chete kutungamira Parma kunzvimbo yechitanhatu muSerie A mumwaka wa1997 98, uye akadzingwa pakupera kwemwaka, kunyangwe achikwikwidza timu kumwaka unotevera weEFA Cup. 