Chelsea deny Ancelotti approach

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Ancelotti has been strongly linked with the Stamford Bridge post on Tuesday amid suggestions his advisors have reached a settlement with the Blues over a move to England. But both Chelsea and Milan have strongly refuted claims that he could be in line to replace the sacked Avram Grant.

"Contrary to reports Chelsea Football Club has not reached agreement with any individual to become manager, nor have we sought permission from any organisation to talk to their manager," a Chelsea statement read.

"We are extremely happy how our search is progressing."