Carlo Ancelotti insists that not even a multi-million pound offer would tempt Chelsea to sell reported Real Madrid target Ashley Cole.
Stories on Sunday morning suggested that the England left-back had met with his club manager for 20 minutes of discussions last week when he announced his desire to quit Stamford Bridge.
New Real boss Jose Mourinho, who signed Cole for Chelsea in 2006, is understood to want the former Arsenal player as part of his revolution at the Bernabeu and Cole is thought to be tempted.
The 29-year-old is reportedly keen to move to Spain in order to escape the attention he receives both on and off the field in England, but Ancelotti has no intention of selling.
"Ashley Cole will not be sold at any price," said the Chelsea boss after a 2-1 pre-season friendly defeat to Bundesliga club Eintracht Frankfurt in Germany.
"There is no price that we would sell him at. We believe he is the best left-back in the world and because of this he will stay at this club.
"Nothing has changed in our position. Everyone can forget about Ashley Cole leaving this club."
Cole won the Double with Chelsea last season after ex-AC Milan chief Ancelotti guided them to the Premier League title and FA Cup success in his maiden campaign in England.