Filipe Luis: Atletico Madrid left-back not planning to move

Reports have claimed that Chelsea are considering Luis as a possible replacement for Ashley Cole, who is due to leave Stamford Bridge at the end of his contract.

Luis, who was linked with Manchester United in the January transfer window, joined Atletico from Deportivo La Coruna four years ago and is under contract until 2017.

The Brazilian left-back has been an important figure for Atletico this season after Diego Simeone's side won La Liga and reached the UEFA Champions League final before losing to city rivals Real 4-1 in extra-time on Saturday.

However, rather than look for a new challenge in the summer, the 28-year-old's intention is to stick with Atletico next season.

"I have a contract for three more years," Luis told O Globo. "My thought is to continue.

"We have to lift our heads high after the Champions League final defeat and think about the next goal."

Despite Luis' form and exploits for Atletico this season, he has not been selected in Brazil coach Luiz Felipe Scolari's 23-man squad for the World Cup after only being named on stand-by.