Ganso, the highly rated Brazilian midfielder, could move to either AC Milan or Inter Milan, according to his agent, reports calciomercato.it.
The 21-year-old has been linked with a number of clubs from across Europe as his proposed move away from Santos nears.
Chelsea were thought to be interested in the player, but now the Italian giants appear to have jumped the gun.
Ganso's agent, Guiherme Miranda, said: At the moment there is no official proposal, there are two clubs interested in Italy (Inter Milan and AC Milan), one in England and also one in Spain.
“I can say that Ganso’s dream is to play in Europe, but I don’t know if this dream can be realised this summer.
“There are still several issues to resolve, but if it won’t be possible, we will also consider an internal transfer, in Brazil.
“We have to wait and see what happens in the coming weeks.”
“Currently there is no possibility (about renewing his contract with Santos), we’re not talking about it.”
Along with Ganso, Chelsea were thought to be interested in Neymar, another Santos star, who is also being followed by Barcelona and Manchester United.
Both players are expected to make the move from Santos, despite Ganso's current deal at the club not running out until 2015.
In addition to the Samba duo, Chelsea have been linked with Javier Pastore and Sergio Aguero as they look to bolster their attack ahead of the new season.