It was reported this week that Chelsea owner Roman Abramovich had agreed a world record fee with Barcelona to sign Neymar in the summer.
But Antonio Conte turned down the chance to sign the Brazilian superstar.
The Chelsea boss is likely to be given a healthy transfer budget this summer with European football to contend with next season.
Neymar will not be leaving Barcelona this summer, according to Guillem Balague
Balague insists there is no truth in the rumours linking Neymar to Chelsea
Chelsea have been linked with big money moves for Romelu Lukaku and James Rodriguez in the summer transfer window.
But La Liga expert Balague doesn't expect anything to come from the rumours linking Chelsea with a move for Neymar.
"Not at all," Balague said on Twitter.
Not at all. He will be at Barcelona next season https://t.co/t2vIhT5J9D
— Guillem Balague (@GuillemBalague) March 26, 2017
Roman Abramovich had reportedly agreed a deal in principle with Neymar
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"He will be at Barcelona next season."
Barcelona are likely to fend off any potential transfer and earlier this season the 25-year-old signed a new contract with an eye-watering £170million release clause.