The Ligue 1 leaders have been heavily backed in the transfer market by their Qatar-based owners since their takeover of the club in 2011.
Chairman Nasser Al-Khelaifi has already pledged to spend significant sums to turn the club into a major European force.
The likes of Thiago Silva and Zlatan Ibrahimovic have already signed on at the Parc Des Princes in recent months, while David Beckham became the latest superstar to move to the club when he sealed a five-month deal on transfer deadline day last week.
Former Chelsea boss Ancelotti has revealed the owners have a big say in who signs for the club, but insists he has no problem with that.
He also believes PSG will soon rank alongside the biggest clubs in Europe, even if he has found Ligue 1 to be a lot more competitive than first thought.
“This is the team of the owner, as I said at Chelsea. But I feel good,” said Ancelotti, who replaced Antoine Kombouare as boss in December 2011. “I thought it would be easier, but after one year I can say it’s not so easy because the championship here is difficult.
“Paris Saint-Germain will be a team like Manchester United, like a top team, in Europe. I don’t know how long it will be, but it will be for sure.”
Despite being three wins away from FA Cup glory, Mauricio Pochettino has admitted the achievement would pale in comparison to a Premier League title.
Under-fire Baggies coach Alan Pardew has demanded his senior players improve their performance and help the troubled bottom of the table English Premier League side get a win in Saturday's fixture against Bournemouth.
Liverpool will want to banish the recent memory of losing to fierce rivals Manchester United with a big win against Watford at Anfield on Saturday evening.
Struggling Stoke City manager Paul Lambert is determined to keep his side in the Premier League ahead of Saturday's crucial clash against Everton at the Bet365 Stadium in Staffordshire.