Joao Moutinho has claimed that while he is flattered by the interest Chelsea have shown in an attempt to sign him, he has no desire to turn his back on Porto.
New Chelsea boss Andre Villas-Boas has suggested that he would like to sign the Portuguese international, but the highly-rated midfielder has moved quickly to squash rumours linking him to a move to Stamford Bridge.
"It is good to see my name associated with a great club, but it is also true I am already at a great club, FC Porto, where I will continue to work," Moutinho told O Jogo.
With Andre Villas-Boas leaving the Portuguese giants this summer to take over at Chelsea, media reports had been linking Colombian frontman Radamel Falcao, Brazilian striker Hulk and Portugal international Moutinho with a move to the Blues.