By Nadia Carminati Last updated: 3rd June 2008
Ancelotti: Will he stay or go?
Carlo Ancelotti says he is staying at Milan after Chelsea confirmed no one has been approached regarding the vacant manager's position.
Sky Sports News understands that the Premier League club had agreed terms with Ancelotti's advisors over a deal to replace Avram Grant at Stamford Bridge.
But, speaking to reporters outside Milan's club headquarters, Ancelotti confirmed he is not planning to leave the San Siro.
"There haven't been any contacts with Roman Abramovich's club," Ancelotti told the Italian media
"These rumours are the usual speculations that are repeated each year.
"I stay at Milan 150%"
Chelsea have also now confirmed that they are yet to make an approach to an individual, or another club, but are happy with the progress being made in the quest to appoint Grant's successor.
A club statement read: "Contrary to reports Chelsea Football Club has not reached agreement with any individual to become manager, nor have we sought permission from any organisation to talk to their manager.
"We are extremely happy with how our search is progressing."
A clutch of names have been linked with the Chelsea job since Grant was dismissed last month after failing to win a trophy during his eight months in charge.
Blackburn Rovers manager Mark Hughes, who is in talks with Manchester City, has been mooted as a leading candidate for the role.
Former Internazionale coach Roberto Mancini, who has been succeeded at Giuseppe Meazza by ex-Blues boss Jose Mourinho, is another name in the frame.
Guus Hiddink, Frank Rijkaard, Luiz Felipe Scolari, Didier Deschamps and Sven Goran Eriksson are other managers to have been linked with the position.

A look at the best pictures as Michael Owen completes his surprise to Manchester United.
Pictures from the unveiling of Real Madrid's reported £56 million signing at the Santiago Bernabeu.
Pictures from the Under 21 championship semi-final between England and Sweden in Gothenburg.
Pictures from England's draw with Germany in the last Group B game of the Under 21 Championships.
A look at the best pictures as Michael Owen completes his surprise to Manchester United.
| Time | Fixture |
|---|---|
| Saturday 15th August | |
| Barclays Premier League | |
| 15:00 | Aston Villa vs Wigan |
| 15:00 | Blackburn vs Man City |
| 15:00 | Bolton vs Sunderland |
| 15:00 | Chelsea vs Hull |
| 15:00 | Everton vs Arsenal |
| 15:00 | Man Utd vs Birmingham |
| 15:00 | Portsmouth vs Fulham |
| 15:00 | Stoke vs Burnley |
| 15:00 | Tottenham vs Liverpool |
| 15:00 | Wolverhampton vs West Ham |
| Tuesday 18th August | |
| Barclays Premier League | |
| 19:45 | Birmingham vs Portsmouth |
| 19:45 | Burnley vs Man Utd |
| 19:45 | Fulham vs Blackburn |
| 19:45 | Hull vs Tottenham |
| 19:45 | Sunderland vs Chelsea |
| 19:45 | Wigan vs Wolverhampton |
| Wednesday 19th August | |
| Barclays Premier League | |
| 19:45 | Liverpool vs Stoke |
| Saturday 22nd August | |
| Barclays Premier League | |
| 15:00 | Arsenal vs Portsmouth |
| 15:00 | Birmingham vs Stoke |
| 15:00 | Burnley vs Everton |
| Time | Result |
|---|---|
| Sunday 24th May | |
| Barclays Premier League | |
| Aston Villa 1 - 0 Newcastle | |
| Blackburn 0 - 0 West Brom | |
| Hull 0 - 1 Man Utd | |
| Man City 1 - 0 Bolton | |
| Sunderland 2 - 3 Chelsea | |
| Fulham 0 - 2 Everton | |
| Arsenal 4 - 1 Stoke | |
| West Ham 2 - 1 Middlesbrough | |
| Wigan 1 - 0 Portsmouth | |
| Liverpool 3 - 1 Tottenham | |
| Monday 18th May | |
| Barclays Premier League | |
| Portsmouth 3 - 1 Sunderland | |
| Sunday 17th May | |
| Barclays Premier League | |
| Chelsea 2 - 0 Blackburn | |
| West Brom 0 - 2 Liverpool | |
| Saturday 16th May | |
| Barclays Premier League | |
| Newcastle 0 - 1 Fulham | |
| Bolton 1 - 1 Hull | |
| Stoke 2 - 0 Wigan | |
| Middlesbrough 1 - 1 Aston Villa | |
| Tottenham 2 - 1 Man City | |
| Everton 3 - 1 West Ham | |
| Man Utd 0 - 0 Arsenal | |
Skysports.com takes a look at striker Michael Owen's career to date following his Man United switch.
Skysports.com assesses Michael Owen's possible free transfer to Manchester United.
Cristiano Ronaldo says that if Real were willing to pay £80million for his signature then it is a 'fair' price.
Karim Benzema has revealed he turned down the chance to join Man United, while Robin van Persie has reportedly signed a new contract.
Real Madrid-bound striker Karim Benzema has revealed he turned down the chance to join Manchester United.
Michael Owen is eager to put his "poor spell" at Newcastle behind him by scoring goals and lifting silverware at his new club Man United.
Former Inter Milan boss Roberto Mancini admits he targeting a return to management and wants to do so in England.