"To have pressure is good," Ancelotti said on the club website.

"To have pressure, in my opinion, is energy. It is like gasoline for the car.

"The fact we play a fantastic team, it is the FA Cup, there is the possibility to have a dream to win the FA Cup... it is a big challenge for us. It is also a big motivation.

"There will be a fantastic atmosphere. It will be my first time in this derby. I am excited. I know how it is important for both sets of supporters.

"It is exciting to be part of this spectacular game and spectacular atmosphere."

Ancelotti is the only manager to have beaten Jurgen Klopp this season outside of the Community Shield, with his Napoli side winning 2-0 in the Champions League in September before taking a point from the reverse fixture at Anfield in November.

"It gives me confidence, the fact I did well against Liverpool," Ancelotti said.

"I hope that will be the same on Sunday."

Ancelotti enjoyed a strong start after taking the Everton job last month as the replacement for Marco Silva, recording wins over Newcastle and Burnley before suffering defeat at Manchester City on New Year's Day.

The key task this season is reversing form which saw the Toffees slip into the relegation battle a few weeks ago, but Ancelotti would welcome a cup run on top.

"I would like to try to win the cup again this year," he said.

"It will be difficult, I know, but it is a fantastic competition.

"It is a dream. It gives us a lot of motivation. It doesn't change our (long-term) goals – our future does not depend on this game against Liverpool.

"But, of course, we have to do our best to try to win, to try to keep the dream alive."