Blues boss Jose Mourinho is an admirer of the France winger, who has already indicated he wants to quit Stade Gerland.
Chelsea were reportedly on the brink of a deal with Lyon but the French club´s head of communications, Olivier Blanc, insists an agreement has not been reached, saying: "Contrary to what I´ve heard, there is no agreement with Chelsea about Malouda, and absolutely nothing about a swap deal with Lassana Diarra we turned down a fortnight ago."
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