Chicharito is currently on international duty with Mexico in Vancouver, Canada, ahead of the teams' CONCACAF Group A qualifying match for the 2018 FIFA World Cup in Russia on Friday.
Ancelotti was head coach at Real Madrid from June 2013 to summer 2015, and led the club to an historic tenth European crown in 2014. The 56-year-old coached Chicharito in the Spanish capital during the 2014/15 season when the Mexican star was on loan from Manchester United.
After leaving Madrid Ancelotti relocated to Vancouver, hence the opportunity to meet up with his former pupil earlier this week. He will replace Pep Guardiola as Bayern head coach this summer after penning a three-year contract in December 2015.