AC Milan have insisted that reported Chelsea target Carlo Ancelotti will see out his contract at the club.
The vastly-experienced Italian tactician, who has been at the helm since 2001, is being strongly linked with a summer move to Stamford Bridge.
The Blues remain on the lookout for a long-term successor for Luiz Felipe Scolari with Guus Hiddink only due to manage first-team affairs until the summer.
Under contractVarious reports have suggested Ancelotti's Milan tenure will end in the summer, although general manager Adriano Galliani insists he still has one more year left on his Rossoneri contract.
"Milan has never contacted any coach with Carlo Ancelotti at the club," Galliani told the club's official website.
"Ancelotti is under contract with us through June 30, 2010."