Parma sporting director Pietro Leonardi has refused to reveal whether the club are tracking Fabio Borini.
Reports suggest the Serie A outfit are keen to bring Chelsea's 19-year-old striker back to his homeland.
Borini has spent the last three years at Stamford Bridge, working his way through the club's Academy ranks.
He has, however, struggled to make an impression in the first team and has been restricted to just a handful of senior appearances.
A lack of action is believed to have left him frustrated and open to a move elsewhere.
Parma have been heavily linked with a January approach, as they look to bolster their ranks, but Leonardi is doing his best to avoid the issue for now.
He told the club's official website: "Borini? He's a very good player, a young player, but he's a Chelsea player."
Leonardi was more talkative when it came to the future of Valeri Bojinov, with the Parma chief adamant the out-of-sorts Bulgarian striker is going nowhere.
"I have no desire to see him leave," he added.
"The boy is having a difficult time, he can't hide from that, but we are looking to buy at the moment, not sell.
"He just needs to prove what he can do and keep going. We bought him for a good price and he is only 24 years old."