Chelsea have offering £30 million Brazilian sensation Neymar, but so far the bid has been refused by Neymar's current side Santos, according to the Daily Mirror.
Chelsea tried to quash rumours of a possible move for the 19 year old, with Carlo Ancelotti telling reporters: “He's very young, a fantastic talent.
"At this moment, we're not interested."
But speculation is still rife that the youngster is fielding interest from Chelsea, particularly after recently scoring two goals for Brazil against Scotland in a friendly.
Santos president Luis Alvaro Ribeiro de Oliveira has made his feelings clear about wanting to hold on to the striker, in the hopes of turning Neymar into the next Pele, who spent the vast majority of his career at Santos.
“We have demonstrated that, as he has developed into a player who represents the best of Brazilian football- being audacious, skillful, effective, attacking- he is going to become a key figure in the history of Brazilian football,” the president said.
"He is going to gain international recognition, and maybe get chosen as the best player in the world, playing in Brazil. This is something that hasn't happened since Pele's day, and he has a golden chance,"
If the Santos president still feels this way, Chelsea will have to offer a lot more than £30 million to change his mind. And with Chelsea reportedly setting the figure as the highest that can be paid for the starlet, the Daily Mirror is reporting that Santos look likely to keep their prized possession for another year at least.