AC Milan coach Carlo Ancelotti, who has been linked with the vacant Chelsea job, says he wants to remain in charge of the Serie A side.
"I'm staying at AC Milan for sure, and for many seasons to come," said the 48-year-old Italian in a statement.
"There has been no agreement with Chelsea. They are just rumours, the same ones that come up every year."
Milan vice-President Adriano Galliani added: "It is out of the question that Carlo Ancelotti goes to Chelsea."
Over the weekend, Galliani said his club had turned down a request from Chelsea to hold talks with their manager of seven years.
Despite his claim, Chelsea issued a statement on Tuesday denying they had asked to speak to Ancelotti.
"Chelsea has not reached agreement with any individual to become manager," said the Premier League club, who are searching for a successor to Avram Grant.
"Nor have we sought permission from any organisation to talk to their manager."
On Saturday, Galliani had told the Milan website: "(Chelsea) asked for our permission and naturally everything stopped there.
"He (Ancelotti) and another Italian coach were at the top of Chelsea's list."
The London club's statement followed reports the club had reached an agreement with Ancelotti's representatives to succeed Grant.
Source: BBC Sport