The Brazil international has stepped up for the Toffees in recent weeks and his manager is convinced by his potential.
a complete striker and believes he has what it takes to reach the very top of the game and become one of the best strikers in Europe.
"Richarlison is a modern striker, a complete striker, because he works really hard,"
Ancelotti told reporters
"His physical statistics are really high, like a midfielder - but he has speed and he is really clinical in the box.
"He is fantastic with the head and clinical in front of the goalkeeper and his movement without the ball is really good.
"I think he can be one of the top strikers in Europe. I'm sure he can because he has all these kind of qualities and he doesn't have a specific position on the pitch. He is really complete.
"Where he has to improve is with his technical ability, and he can improve with controlling the ball and this and that but his movement without the ball is really top and his positioning in the box is of a high standard.
The Italian coach also believes that He will progress even further if the club qualify for the Champions League.
"His level will go up in the Champions League [if we qualify]. It would be a fantastic experience."