"Chelsea" keeps quiet about Ancelotti's departure © EuroFootball.com

London rush to deny rumors that Carlo Ancelotti intends to resign from his position as head coach.

English champions have lost three out of their last four games, so the Italian's position has slightly shaken. These rumors were further fueled by the fact that people started betting in betting companies that "Chelsea" would soon look for a new strategist.

However, the club denied this: "Ancelotti's contract is valid until 2012, and all these speculations are complete nonsense."

Ancelotti himself has said: "Of course, when the team is not winning, the greatest responsibility falls on the coach. That's normal. That's my job. So I am prepared for criticism."

And he added: "We are not going through the best period, but we are capable of moving forward."