The Italian giants had reportedly hoped to bring the Ukrainian striker back to Milan as a replacement for striker Marco Borriello, who sustained a knee injury during training at the weekend and faces at least two months on the sidelines after undergoing surgery.
But Ancelotti said on Thursday: "Borriello has a problem which will be resolved quickly, so we will wait for him. Shevchenko will play at Chelsea this season."
Copyright (c) PA Sport 2008, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms