London  - Chelsea chief executive Peter Kenyon insisted Monday that the club will not be making any new signings in January and has no immediate plans to move away from Stamford Bridge.

A Sunday newspaper had claimed Chelsea were considering a move to a site in Battersea, 5 kilometres from their Stamford Bridge home.

"We are not considering any advanced plans to move away from Stamford Bridge as recent reports have suggested," said Kenyon.

"We get approached all the time about projects in west London, especially where involving Chelsea could have a significant impact on that project or area. We get annoyed when our name is used to create a market for that property.

"In the current financial climate all stadium redevelopment discussions are naturally on the back burner, and we are clear that only when all possibilities of redeveloping Stamford Bridge are exhausted will we seriously consider other alternatives."

He confirmed that in the present financial climate, the club will not be looking to add to the squad in the January transfer window.

"I have said before it is extremely unlikely we will spend in January and increase our squad," said Kenyon.

"(Manager) Luiz Felipe Scolari is on board with that. He has an excellent squad and he is doing a great job. We would have to sell someone if we decided to bring someone in to balance that situation, but at this stage we are not planning to bring anyone in." (dpa)