Chelsea owner Roman Abramovich is fully involved in running the Premier League side and will not entertain "bargain bids" for the club, chairman Bruce Buck said.
Abramovich ran into problems renewing his British visa last year and has not been seen at Chelsea's home games this season. He has also cancelled plans to redevelop Stamford Bridge.
British media reported Abramovich had grown weary and was looking to sell the club but Buck said that the Russian billionaire, who took Israeli citizenship in May last year, had no such plans.
"I have never heard a word from Abramovich: 'Let's get this ready for a sale,' or something," Buck told the Guardian.