Bolton manager Gary Megson is adamant that Nicolas Anelka is not going to Chelsea.

Chelsea are rated at 4/1 to win the FA Cup with Bodog.

French daily paper L'Equipe reckons that the two clubs have been chatting about the possibility of a deal in the current transfer window.

Megson, formerly of Stoke City and West Brom commented: "I am not aware of Chelsea making contact. I am aware of the speculation and have seen the article. But Nic did say if nothing happens he is happy at Bolton.

It is something and nothing. We will just keep going and try to deal with the speculation that surrounds him."

Anelka put pen to paper on a four-year deal at the start of the season but his amazing form has seen him constantly linked with a host of bigger clubs, mainly Chelsea and Manchester United.

"The chairmen of Bolton and Chelsea are discussing it," Anelka said in L'Equipe.

"I really hope it happens because I am eligible to play in the Champions League. But until the contract is signed and I am presented to the press in my new shirt, nothing is done."

Man City are another club to have thrown their hat into the ring.

And the 28-year-old insists that would not be a step backwards. "I want to go to a bigger club and that's what City have become under a manager such as (Sven-Goran) Eriksson, who I was ready to join in 1999 at Lazio. Staying at Bolton, where I am very happy, wouldn't be a punishment either."