Abu Dhabi-owned Premiership club gets knocked back in bid for Chelsea captain and England skipper.
Chelsea want inspirational captain John Terry to stay at the club "forever" new Blues manager Carlo Ancelotti said on Monday.England skipper Terry had been linked with a mega-money move to Chelsea's cash-rich Premier League rivals Manchester City.
But while City aspire to be one of England's leading clubs, Chelsea already are and Ancelotti, the former AC Milan boss, said he wanted centre-half Terry - who has spent all his senior career with the Blues - to stay in west London.
"John Terry is a symbol of this team," Ancelotti said at his first news conference as Chelsea manager.
"He will be captain next season: he said he wants to stay forever and we want to keep him forever," the Italian added.
"Now there is a question of Man City, but for Terry (there is) no price. Terry will be at Chelsea forever.
"He said he wants to stay, there is no problem for him for us, the story continues - Chelsea and Terry.
"I like to have a captain like Terry, he is very close to (Paolo) Maldini for professionalism, for quality and he will be the best captain for Chelsea.
"I spoke with Terry a month ago when I came to the club and he said welcome. And after (that) he went on holiday.
"I will speak with him because he is the captain and I want a good relationship with the captain."
But asked if Chelsea, who have reportedly turned down an initial bid from City, would offer Terry a new, improved contract, Ancelotti added: "His contract is not my problem. My problems are the technical ones, but financially we have a team with great knowledge to do this."
Terry is currently on holiday but reports in England suggest that he stayed in the same Dubai hotel as Man City manager Mark Hughes last week, which has increased speculation that he could leave Chelsea.