I am sure Manchester City will continue to keep Pep on the team. He has a long-standing bond with the team and it does not seem like this bond will end easily. Xabi Alonso is a manager who has a close bond with Real Madrid. He loves them with all his heart and he can leave as soon as an offer comes, but whether Ancelotti will leave the team is a big question mark because he has a contract and I do not think he will leave the team.
It's just that in this case vulnerable time may be a thing that of course we know that it is part of the journey because if you look at Pep's previous coaching, Manchester City is the longest club he has coached so that when he really wants to leave and look for a new adventure because he is considered to have had enough of Manchester City then he could have left even though Manchester City tried to hold Pep.