Chelsea have made no formal offer for Chilean forward Eduardo Vargas, according to the player's agent.
Universidad de Chile star Vargas, 22, has been linked with a January move to Stamford Bridge, as well as reportedly attracting the attention of Arsenal, AC Milan, Inter Milan and Napoli.
Having agreed terms for Nicolas Anelka to join Shanghai Shenhua when the transfer window opens, Chelsea may choose to dip into the market next month, especially with Didier Drogba and Salomon Kalou due to play in the African Nations Cup.
Vargas, dubbed the new Alexis Sanchez, has been most heavily linked with Chelsea and his agent, Mark Griffiths, told calciomercato.it: "He's definitely a player that is attracting a lot of interest.
"Has there been an official offer from Chelsea? Their chief scout in South America is Chilean, Jorge Alvial, so it is expected that the best players from his country will be linked with the Blues.
"However, we have not received an official offer from London. Maybe they will bid in the future, but to date there is nothing.
"That is the same for all the European teams.
"A valuation of 10million euros (£8.5mil) I think it could be higher than that, maybe around 12million-14million euros (£10mil-12mil).
"Vargas as the next Sanchez? Comparisons have been made, but I think in some ways he is even better than the Barcelona player because he scores more goals."