Antonio Conte is interested in bringing Romagnoli, 21, to Stamford Bridge despite paying £30m for David Luiz on transfer deadline day, according to The Sun.
The Serie A outfit snubbed Chelsea‘s £35m bid for their talented centre-back in August.
But that hasn’t stopped the fiery Italian manager, who is prepared to meet AC Milan’s £49m valuation in January.
“I am happy at AC Milan and in Italy”
Chelsea transfer target Alessio Romagnoli
However, Romagnoli has again distanced himself from a move to West London after declaring he’s happy where he is.
Immediately after Milan’s 1-0 victory over Juventus on Saturday, he told Italian broadcaster Mediaset Premium: “I am happy at Milan and in Italy, so I hope to remain here.”
After Chelsea’s initial offer was rejected, Romagnoli said he was thrilled to stay and continue his development in his native Italy.
“This pushes me on to grow even more and improve myself. I am happy to stay here. President Silvio Berlusconi made a big investment in me and that’s enormous.
“Milan are behind Juventus now, but I don’t think we are missing anything in particular. We just need to work together and grow as a unit.”
Romagnoli is considered one of Italy’s brightest prospects having made his international debut earlier this month during a 2018 World Cup qualification match against Spain.
He’s started eight of Milan’s nine Serie A fixtures this term, keeping an impressive four clean sheets in the process.