Chelsea chief executive Peter Kenyon has insisted John Terry has made it clear that he does not want to leave the club and reiterated the club's stance that the England captain is not for sale at any price. His comments come in the wake of Manchester City manager Mark Hughes's claim that a move to Eastlands would "reignite" Terry's career.
Manchester City have apparently offered around €35million for the England captain and look like the may increase that offer given the absence of a statement form the player himself.
Depsite Terry's silence, Kenyon claimed this afternoon Terry has privately made it clear that he wants to stay at the club.
"He is not available at any price," said Kenyon. "He's got a three-year contract. He's told us he doesn't want to go and we don't want him to go. End of story."
City are determined to continue their big-spending, having already signed Gareth Barry, Roque Santa Cruz and Carlos Tevez, while Emmanuel Adebayor is on the verge of a move from Arsenal.
Hughes has seen two bids rejected by Chelsea for Terry, but the Eastlands outfit are refusing to give up their pursuit of the centre-half.
Hughes believes the defender may need to join City for a new challenge at this stage of his career.
"We would like to think we could offer him a different challenge," said Hughes. "From my own experience, when you have been with a club a long time, you maybe get to a point when you need a new challenge, when you think a change of scenery would just reignite certain things within you.
"It is not a question of money. It's about a different challenge, a different stage in his life and career, and maybe that's why there hasn't been a response because John is seriously thinking in those terms.
"I went through that process myself and I can understand if that is the way he is thinking.
"We made an offer to Chelsea and I've made known my feelings about John Terry.
"He's an outstanding player and an outstanding person. We'd like the opportunity to speak to him but as yet that hasn't been forthcoming."
A work permit for Adebayor appears to be the only thing standing between his move to the north-west.
Even before Tevez put the finishing touches to a five-year deal, rumours were circulating that Adebayor was undergoing a medical after a fee had been agreed with Arsenal.
Then it emerged he will attempt to secure a work permit - which should be nothing more than a formality - before heading off to South Africa, via Abu Dhabi for a brief meeting with the Blues owners.
City officials remained silent on the prospect of the transfer being speeded through, although Hughes said: "There has been discussions between ourselves and Arsenal.
"It is not the right time or place to discuss it but yes, there has been contact and possibly there is a deal to be done.
"It has not been concluded as we speak. Until it happens, it is not the time or the place to talk about it."
If the deal goes through, it would bring the number of strikers at City's disposal to 10, four of which would have arrived since January alone, starting with Craig Bellamy.
Spending since June 2008 would be touching €233million, while a a move for Terry would bring that to around €273m.