Antonio Conte has struggled to add to his squad this month and has been looking at deadline day deals.
He has tried to sign Craig Gordon, Moussa Dembele, Sead Kolasinac and Jonathan Biabiany to no avail.
And Chelsea have now also seen a £27.5million bid for Candreva knocked back, according to Gazzetta dello Sport.
Antonio Conte has made a move for Antonio Candreva
Candreva, 29, can play on the wing and Conte is looking for options to add to his widemen.
Conte worked with him while he was Italy boss and he has 44 caps.
Chelsea transfers: Deadline day ins and outs rumours rated
Mon, January 30, 2017
Football Whispers have rated Chelsea's chances in the transfer market ahead of deadline day (1 – unlikely, 5 – likely)
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Football Whispers have rated the likelihood of Chelsea transfer deals (out of 5)
But the Inter star appears to be staying put.
Chelsea have given Nathan Ake the opportunity to join Bournemouth if he wants.
The Cherries made an £18m bid for the young defender and Chelsea are leaving the decision up to him.