(CNN) -- Carlo Ancelotti has been officially unveiled as the new Chelsea manager and immediately insisted that captain John Terry would be staying at Stamford Bridge.
Ancelotti confirmed that captain John Terry is staying with Chelsea despite Manchester City's overtures.
Weekend media reports suggested that the central defender was heading for Premier League rivals Manchester City, but the Italian was adamant about Terry's future.
"John Terry is a symbol of this team," he told CNN. "He will be captain next season. He said he wants to stay forever and we want to keep him for ever.
"Now there is a question of Manchester City, but for Terry (there is) no price.
"He said he wants to stay, there is no problem for him for us," added Ancelotti -- who spoke in English having had lessons since his move from the AC Milan hot seat.
Ancelotti also revealed that the English FA Cup winners have signed left wing-back Yuri Zhirkov from CSKA Moscow.
Zhirkov joins teenage striker Daniel Sturridge, who has arrived from Manchester City, as Chelsea acquisitions in the early transfer window trading.
But Ancelotti refused to confirm Portuguese stars Deco and Ricardo Carvalho would be leaving Chelsea despite the pair being heavily linked with the Inter Milan of former boss Jose Mourinho.
He said: "Carvalho and Deco are Chelsea players. If in the future a player wants to go they have to speak with the club and we take the right decision for the player and for us."
Ancelotti, who has never worked outside of Italy, is the fifth Chelsea manager in two years. Guus Hiddink led the Blues to the semifinals of the Champions League and their FA Cup triumph during his spell in temporary charge after the departure of Luiz Felipe Scolari.