Real Madrid have officially confirmed they will partake in FIFA's expanded Club World Cup after Carlo Ancelotti's comments about the competition were misinterpreted. 

A statement was released by the recently crowned Champions League winners on Monday after Ancelotti told Italian daily Il Giornale he felt that FIFA had undervalued the compensation Los Blancos should receive for playing in next year's revamped 32-team tournament.

"FIFA can forget it, footballers and clubs will not participate in that tournament," Ancelotti was quoted as saying.

However, the Italian distanced himself from those comments in a social media post on Monday.

"Nothing could be further from my interest than to reject the possibility of playing in a tournament that I consider to be a great opportunity to continue fighting for major titles with Real Madrid," Ancelotti wrote on Instagram.

Madrid were quick to release a statement of their own surrounding the issue, reading: "Real Madrid C. F. informs that at no time has its participation in the new Club World Cup to be organised by FIFA in the next 2024-2025 season been questioned.

"Therefore, our club will play, as planned, this official competition that we face with pride and with the utmost enthusiasm to make our millions of fans around the world dream again of a new title."

The revamped competition has been expanded to allow 32 teams to compete in the United States at the end of next season.

It will be made up of teams from six federations, with Chelsea, Manchester City, Bayern Munich, Juventus and Madrid already qualified due to past success on the European and global stage.