Carlo Ancelotti says it would "not be a problem" if Chelsea sacked him at the end of the season.
Ancelotti claimed the Premier League and FA Cup in his first year in England, but Chelsea have no realistic prospect of winning any silverware this season following the Champions League defeat to Manchester United this week.
His position has come under intense scrutiny in the media and, although the club issued a statement to say it was business as usual at Stamford Bridge, it is unclear whether Ancelotti will lead the club beyond the current campaign.
"I don't know what my future is," he said. "At the end of the season, I think the club can decide if they want me to continue or if they want to change.
"If they are not happy, they can change without problem. This is not a problem for me."
There have been indications that Roman Abramovich is considering making major changes to the first-team squad at Chelsea after their failures in Europe, but Ancelotti feels assessments of the team and management should wait.
"It's not the moment to find guilt. It's a moment to stay focused on the next game, do our best, and look to the end of the season," he said. "We can judge at the end what was wrong and what was good.
"To speak now about which kind of change the club wants to do for next season, about a new transfer or my future, is not the right time. Every one of us has to try to do the best for the last seven games. After that, in the summer, we can speak about this, but to speak now is not the right time."
Ancelotti arrived at Chelsea after a long and distinguished spell in charge of AC Milan in which he won two Champions League titles.
Asked about managerial stability, he said: "I came from a country that they don't think that continuity is the right thing. I stayed eight years at Milan. It was good.
"The most important thing for a club, and for a manager, is to have a good relationship with the club, the owner. When this relationship is not good, you have to change.
"Until now, the relationship with the owner is fantastic. He has supported me this season when we didn't achieve important results.
"If, at the end of the season, the owner decides my job was not good enough, this is not a problem. I will try to do my best, because I want to stay here. If there is a possibility to do that, I will be happy."
Ancelotti has regularly been linked with a return to Italy to manage Roma, having spent eight years there as a player.