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Australia won by six wickets to level the three-match series 1-1.
Sao Paulo coach Dorival Junior is being considered for the job.
After Titas Sadhu's career-best figures of 4/17 helped India dismiss Australia for a mere 141, openers Smriti Mandhana (54) and Shafali Verma (64 not out) tore into the visitors with a 137-run stand.
India lost by 190 runs after Australia posted a record 338/7.
Richa Ghosh's 96 went in vain as the visitors won by three runs.
In March of this year, then Brazilian FA (CBF) president Ednaldo Rodrigues told Reuters that Ancelotti was his main target for the position of national team coach.
Australia got over the line with 21 balls and six wickets to spare with none of the Indian bowlers able to make any impact.
Shreyanka Patil, Mannat Kashyap, Saika Ishaque and Titas Sadhu have been handed maiden call-ups to the Indian ODI squad.
On the final day, India produced their best both with the ball and bat to thwart a spirited Australian resurgence.
Ancelotti's contract is due to expire at the end of the season.