The Daily Star says Terry was desperate to hold talks with Mourinho about his future this week after falling out of favour under Rafa Benitez.
But that will not happen - and while his new boss insisted he will do everything to help Terry return to his best, he stopped short of saying that would be at Chelsea.
Mourinho said: "I know what he can give. Let's try to make him an important player again."
The Blues chief has a history of bombing out club legends, including iconic striker Raul at Real Madrid.
And he added: "I play the players I think are the best for the team."