Chelsea have no intention of allowing John Terry and Frank Lampard to slip through their grasp, according to chief executive Peter Kenyon.

Contract negotiations with the Chelsea captain and vice-captain stalled at the end of last season and it is understood the parties have yet to re-open talks.

But Kenyon insists there is "no crisis" over the pair and that Chelsea have received no offers for either player.

"I can confirm we've had no offers and, if we have had offers, we wouldn't accept them," Kenyon said.  "They are a core part of our team."

Both players have two years remaining on their current deals and both want to be the top earners at Stamford Bridge.

Terry (26) had reportedly sought a nine-year contract but it is understood he has only been offered a five-year deal.

Lampard (28) who has been linked with a move to Barcelona, is believed to have been offered five years.

Kenyon has also rejected suggestions owner Roman Abramovich has tightened the purse strings, having not spent a penny so far in the transfer market.

Summer signings Claudio Pizarro, Steve Sidwell and Tal Ben Haim were all free transfers - with PSV Eindhoven defender Alex expected to follow.

Kenyon said: "It's not because there's no money. It's not because we chose to put a freeze on transfer money.  It's about saying 'what have we got, what do we need?'

"We've got three absolutely top players who are going to be joining us and making us stronger next season."