Germany coach Joachim Low will reject any approach from Chelsea.
The Daily Express says his snub is the latest setback in Roman Abramovich's search for a new manager, forcing the owner to make a third offer to outgoing Barcelona coach Pep Guardiola.
Low, 52, only signed a new contract with the German football federation in March and a source said: "Joachim wants to stay until the next World Cup at least. It does not matter how much money he is offered."