AC Milan vice-president Adriano Galliani has denied holding talks with Chelsea about a possible return to the San Siro for Andriy Shevchenko.
The Ukraine striker has been linked with a move back to Milan in the January transfer market, after struggling to make an impact with the Blues this season.
Shevchenko moved to London from Milan this summer for £30million but has managed only three league goals and has failed to find the target in the Champions League this term.
'At this time there have not been any negotiations with Chelsea, regarding Andriy Shevchenko's return to our club,' Galliani told his club's official website.
Shevchenko insists he is keen to stay at Stamford Bridge and is eager to become a success.
Shevchenko told the club's official website: 'I give 100% all the time and I am committed and hungry for success with Chelsea.
'I have total respect for the Chelsea club and fans as well as for football in England and the culture of the country.
'There are always good and not so good moments in sport, that's normal. If that means there is opinion and criticism I respect that.'
Even if Shevchenko wanted to return to the San Siro, Italian rules on non-EU signings are likely to stand in his way.
In order to sign him, Milan would have to sell another non-EU player to make way - something they appear unwilling to do.