Chelsea stars John Terry and Frank Lampard will not be allowed to leave Stamford Bridge despite their stalled contract negotiations, according to chief executive Peter Kenyon.
Barcelona, Juventus and Inter Milan have been considering moves for Terry and Lampard after talks over improved deals for the England internationals broke down at the end of last season.
Both players have two years left on their present contracts and, although negotiations are yet to resume, Kenyon insists there is no way he would allow the duo to leave, even if they receive big money bids.
"I can confirm we've had no offers and, if we have had offers, we wouldn't accept them," Kenyon told Sky Sports News. "They are a core part of our team."
Chelsea and England captain Terry, 26, reportedly wants a nine-year contract that would include an option to become the club's manager, but the Blues are understood to have only offered a five-year deal.
Lampard, 28, wants his wages to be equal to Andriy Shevchenko and Michael Ballack, who are the club's top earners on 120,000-per-week, but the five-year deal he was offered was below that mark.
Chelsea manager Jose Mourinho has been shopping in the bargain basement as he looks to bolster his squad, but Kenyon is adamant that billionaire owner Roman Abramovich has not shut his cheque book for good.
Mourinho has brought in Claudio Pizarro, Steve Sidwell and Tal Ben Haim on free transfers, but Kenyon said: "It's not because there's no money. It's not because we chose to put a freeze on transfer money.
"It's about saying 'what have we got, what do we need?' We've got three absolutely top players who are going to be joining us and making us stronger next season."
Abramovich wants Chelsea to focus on bringing through their own young talent and has invested in a multi-million pound upgrade of the club's Cobham training headquarters.
Kenyon added, "Developing homegrown players is a vitally important goal for Chelsea. To achieve this, Roman invested in the land, the infrastructure and the latest training, medical and other technology to give us the best chance of meeting those goals."