Chelsea have their transfer ban hanging over them, but they remain confident that at the very least that will be suspended in time for them to make some moves in the January window.
Atletico confirmed they rejected big offers for Aguero in the summer, and the player himself was more than happy to remain.
However, Atletico's poor start to the season could now see a re-think at the Vicente Calderon.
"Sergio to Chelsea in January? I don't know, it's a difficult question," Aguero's agent Jose Segui told Calciomercato.
"The only thing I can say is that I actually don't know anything.
"I don't expect any meeting with Atletico Madrid."