Paris Saint-Germain boss Carlo Aneclotti says he is eager to avoid repeating errors he has made in the past by snapping up Cristiano Ronaldo if the chance arises.
Ronaldo could leave Real Madrid in the summer as speculation regarding his future at the Bernabeu grows while Madrid's poor season continues.
Reports in Span suggest he won't sign a contract extension this summer, while the Portuguese winger has refused to discuss his future beyond the end of his current deal which expires in 2015.
Ancelotti says he would not turn down the chance to land Ronaldo after he came to regret not signing Italian star Roberto Baggio during his time in charge of Parma in the mid-90s.
"I played with a 4-4-2 formation. I didn't want to change, so I didn't take Baggio. It was a mistake. Today, if I could do it over, I would sign Baggio and only then talk about where he would play on the pitch," Ancelotti told BeIN Sport.
Asked about whether he would like to take Ronaldo to the Parc des Princes, Ancelotti replied: "Why not? Who wouldn't want to have Cristiano Ronaldo in his team? I missed out on Baggio - it's a mistake I won't make a second time."
Ronaldo kicked off the war of words between Real Madrid and Manchester United ahead of their Champions League last 16 showdown later this month by claiming the Spanish champions 'have a better team'.
The former Manchester United player will come up against his former side for the first time since leaving Old Trafford in 2009 for a world record £80 million fee, but was in no mood to be gracious towards his former employers.
"I believe things will go well. In my opinion Real Madrid have a better team, but we have to show that on the pitch because United are a very united team and always have been in recent years," he told the official UEFA Champions League magazine.
"They're a team that always do well, every year they're at the top and therefore a team we respect a lot. It will be an extremely difficult match, especially in Manchester."