AC Milan boss Carlo Ancelotti has cut off all talk of a move to Chelsea by insisting he will remain at the San Siro.

The 49-year old has been constantly linked with being the replacement for Guus Hiddink when he returns to his post as Russian national coach at the end of the season but has said he will remain in his current position as Rossoneri manager.

"I will stay on for next season at least - we are already working towards strengthening the squad," he said.

"I am used to all the reports and they will continue. It's not a problem for me."