Chelsea have rubbished claims that their skipper John Terry is on the verge of a move to Spanish club Valencia after saying he wanted to leave England.

Terry has been embroiled in the racism issue involving Anton Ferdinand where he was found guilty by the FA for racially abusing the Queens Park Rangers defender last year. The former England international, who retired for England recently citing the issue as the main reason, is currently serving a four-match ban.

Spanish agent Francois Gallardo claimed he was negotiating a move for Terry to Valencia, with the transfer reportedly in the final stages. "Valencia are negotiating, and I am involved in person," Gallardo told Radio Intereconomia. "The offer is on his table.

"The player is out of contract in June and will not renew there for several reasons at Chelsea and he wants to come to Spain.

"He asked to leave. It's real. This has been going on for 15 days and two meetings have already took place. I think he will accept."

Chelsea were quick to dismiss the links, however, with a club spokesman terming the reports and claims as "nonsense."

Terry actually has 18 months remaining on his contract with the Blues, meaning he will only be a free agent at the end of the 2013-14 season. While there have been rumors of the Chelsea captain, who has spent his entire professional career with the Blues, might move on in the summer, the chances of that club being Valencia - with their financial constraints - are extremely slim.

While the critics are yet to get off Terry's back, the most likely scenario is Terry seeing out his contract at Stamford Bridge before deciding to either end his career at Chelsea - by either signing a new contract or even calling it a day -- or look for the right options from there.

If at all Terry were to move to another club, it would most likely be one of the big spenders like Paris St Germain or one of the Russian clubs, with a move to Major League Soccer in the U.S. also not ruled out.