Flamengo had hoped to sign the versatile veteran in time for their assault on the Copa Libertadores - South America's equivalent of the Champions League.
The 33-year-old last week admitted he was interested in returning home, but will now have to wait until his Stamford Bridge contract runs out in the summer.
No deal: Belletti revealed on his Twitter account that he won't be leaving Stamford Bridge in January
Flamengo had prepared a two-year deal, but could not afford to pay atransfer fee. And Belletti yesterday said on Twitter: 'Chelsea FC saidthat they are not going to release me before the end of my contract,which expires in June 2010.'
Chelsea boss Carlo Ancelotti has found Belletti a reliable performerwhile players have been injured or on Africa Cup of Nations duty in thelast few weeks and he is likely to be offered a deal to extend his stayin the Barclays Premier League.
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