Corinthians insist there's been no formal contact with Chelsea over the sale of Paulinho.

Chelsea have joined Inter Milan in their pursuit of the Brazil international.

"I have no idea where this information has come from," Corinthians manager Tite told Globo Esporte on the Chelsea rumours.

"We are at an important stage in Corinthians' history and this information will not disrupt us.

"Money doesn't buy everything. It could be a lot of money, but if the player is smart and has ambition like Paulinho does, then money will not be enough."