Chelsea left back Ashley Cole had been the subject of a recent transfer rumour involving Carlo Ancelotti's PSG.

Although neither Chelsea or Ashley Cole had come out to deny the link, today PSG coach Ancelotti has confirmed that they will not be moving for the England international. He said "Our market is closed" in the Italian press today, confirming that PSG will not be making any more signings this summer, and certainly not in the shape of Chelsea's asset Ashely Cole.

Ashley Cole's contract ends in 2013 with Chelsea so there is bound to be speculation about his future, with Manchester United also said to be interested in the Chelsea man. I'm pretty sure that Roman Abramovich will be quick to react and get Cole signed up for another lucrative deal.