AC Milan is insisting on keeping defender Alessio Romagnoli, despite Chelsea showing significant interest in him.
The Blues are looking to sign a defender before the window closes, but have seen two bids for the Italian rejected.
Milan are eager to retain the services of the Italy Under-21 international as they look to build under new coach Vincenzo Montella.
“The player is not for sale, therefore this negotiation will not continue,” read a statement on Milan’s official website.
“The club wants to thank Chelsea FC, with whom we will continue to have a great working relationship.”
The seven-time European champions revealed earlier this week that a bid in excess of €25m had been turned down.