Chelsea Transfer News: Latest on Diego Costa and Juan Cuadrado Rumours

Chelsea manager Antonio Conte has insisted that Diego Costa is happy to stay at Stamford Bridge, while Juan Cuadrado's agent has denied reports the winger is set for a move to AC Milan.

According to Sky Sports' Nick Lustig, there has been speculation that Costa could be hoping to return to Atletico Madrid this summer.

However, per Chelsea, Conte said the striker is content to remain with the club:

Costa racked up 16 goals and 11 assists last season, many of which came after Jose Mourinho was replaced with Guus Hiddink following a difficult start to the campaign.

The Spain international has generated a great deal of controversy during his time in England because of his approach to the game, but when channelled correctly, his physicality and aggression make him a real handful for defenders.

Chelsea's desire to keep him is understandable, particularly as his sale would leave them only with Michy Batshuayi as a reliable option up front.

Further, according to football journalist David Cartlidge, while he was indeed wanted by former club Atletico, they have now snapped up Kevin Gameiro:

The Frenchman bagged 29 goals last year and joins Antoine Griezmann and a somewhat resurgent Fernando Torres in attack at the Vicente Calderon, so it seems highly unlikely Atletico will be pursuing another striker this summer.

While a player of Costa's abilities may still have other suitors, it seems he's set to stay put.

Jeff Gross/Getty Images

So too might Cuadrado, as his agent Alessandro Lucci told Il Milanista (h/t James Benson of the Daily Star): "There is no negotiation under way between Milan and Chelsea for the passage of the player to the Rossoneri."

On Tuesday, the Evening Standard had reported Cuadrado as a target for Milan and noted talks could begin next week.

The Colombian is an imperious dribbler, per WhoScored.com:

It's worth remembering that half of one of those seasons was spent outside of Serie A.

Admittedly, in that time he was struggling to make an impact at Stamford Bridge, but it demonstrates what Cuadrado is capable of, and he rediscovered his form at Juventus last year.

If Conte can get the best out of him next season, keeping him will have been excellent business for Chelsea.