Arsene Wenger believes John Terry remains a great player but has ruled out making a shock move for the Chelsea captain.
The 36-year-old revealed on Sunday that he expects to leave the Blues in the summer having been told he will not be offered a new contract at the club.
Terry has been at Stamford Bridge since the age of 14 and has won no fewer than 16 major honours with Chelsea. The west London club issued their own statement on Sunday night in which they said a contract extension could yet be offered.
Wenger spoke warmly about the former England captain but said he would not follow up the signing of goalkeeper Petr Cech from Chelsea by going after Terry.
In pictures: John Terry's career highlights
The Chelsea skipper has also said that he would not consider joining another English club, with the United States or China more likely destinations.
Asked if he had any interest in signing Terry, Wenger said: "No, because he is at the end of his career and he has spent his career at Chelsea. If he wants to play longer, I am sure he will play for Chelsea.
"Loyalty works two ways. I always consider that I'm paid for my commitment to the club and I'm well paid so once it is over the club owes me nothing and I have to get on with my life and find another way.
"I do not expect a reward because it is part of my contract."
Wenger believes the player has shown more than enough in his time with Chelsea to suggest he has a bright future on and off the field.
"He was not only a great player, he certainly still is, but he was also a great coach on the pitch," he added.
"I saw him here once at London Colney playing with the under-21s and the way he coached the team as a player was absolutely marvellous.
"He was a real leader and he had a great career as well, let's not forget that. That's never a coincidence. The guys who last such a long time have something special.
"He was the symbol of cohesion inside Chelsea's club because him, (Frank) Lampard, (Didier) Drogba and Cech were the players who carried the club's values for long periods. When you lose players like that you're always in danger.
"I see a coaching career in his future, certainly. He will remain in football, I'm sure."
TIMELINE: John Terry's Chelsea career
John Terry started out playing for Senrab, an east London Sunday League side, before being taken on by West Ham's youth system in 1991 as a midfielder.
Terry moved to Chelsea and moved to centre back as he moved through the ranks at Stamford Bridge.
October 28, 1998
Terry made his Chelsea debut against Aston Villa in the League Cup and his first start came in January against Oldham.
The defender went out on loan to Nottingham Forest to build up first team experience; the only time he has pulled on a club shirt other than Chelsea's.
September 11, 2001
Terry was fined two weeks wages by Chelsea along with Frank Lampard, Jody Morris, Eidur Gudjohnsen and Frank Sinclair for harassing Americans in the aftermath of the 9/11 attacks.
December 5, 2001
Terry was handed the captain's armband for the first time against Charlton Athletic.
Terry was charged with assault and affray after being involved in an altercation with a bouncer at a west London nightclub along with Morris and Wimbledon's Des Byrne. He was acquitted in court.
John Terry made his England debut against Serbia and Montenegro
Terry became vice captain under Claudio Ranieri when Marcel Desailly was out of the side and formed a strong defensive partnership with William Gallas.
Jose Mourinho appointed him as captain and Chelsea won the league with the best defensive record in Football League history. He was named as player of the year and voted the best defender in the Champions League.
Terry helped Chelsea defend their title with 91 points as they wrapped it up with a 3-0 win over Manchester United.
August 10, 2006
Terry was named England captain by Steve McClaren.
October 14, 2006
Terry went in goal after Petr Cech and Carlo Cudicini were both injured, wearing the number 40 shirt of Henrique Hilario.
November 5, 2006
Terry was sent off for the first time in his Chelsea career against Tottenham as the Blues lost at White Hart Lane.
February 25, 2007
Terry, despite suffering an ankle injury in the build-up, played through the pain barrier against Arsenal in the League Cup final. He was stretchered off and taken to hospital after being accidentally kicked in the face by Abou Diaby. He returned from hospital to join in the celebrations.
Terry became the first player to lift the FA Cup at the newly rebuilt Wembley Stadium.
June 1, 2007
Terry became the first England senior player to score an international goal at the new Wembley.
May 2,1 2008
Terry slipped when taking his penalty against Manchester United in the Champions League final and missed. Had he scored Chelsea would have claimed their first European Cup. Nicolas Anelka missed soon after to hand the Red Devils the title.
Terry was again named UEFA defender of the year and Manchester City had a third bid turned down. He did win the FA Cup against Everton that year.
November 8 2009
Terry scored the winning goal against Manchester United to preserve their perfect home record.
February 5, 2010
Fabio Capello sacked Terry as England captain after allegations regarding his private life.
May 9, 2010
Terry lifted the Premier League title once again before captaining the Blues to his fourth FA Cup triumph.
March 19, 2011
Capello reinstated Terry as England captain after a long-term injury to Rio Ferdinand.
November 2, 2011
The captain was placed under police investigation following an allegation of racist abuse made towards QPR defender Anton Ferdinand.
December 21, 2011
Terry was charged for this offence by the Crown Prosecution Service.
December 31, 2011
The defender captained Chelsea for the 400th time against Aston Villa. That season he was the world's third best passer behind Xavi and Swansea's Leon Britton.
February 3, 2012
The FA stripped Terry of the captaincy over the allegations Terry racially abused Anton Ferdinand. Fabio Capello resigned in protest at the decision.
April 24, 2012
Terry was sent off for kneeing Alexis Sanchez off the ball in the Champions League semi final but the Blues reached the final. He won another FA Cup as the Blues beat Liverpool in the final.
May 19, 2012
Terry watched his Chelsea side beat Bayern Munich and lifted the trophy in his full kit, prompting memes across the internet.
July 13, 2012
Terry was acquitted by a court as it was impossible to be sure about the words used by the defender towards Anton Ferdinand
July 27, 2012
Terry was charged by the FA for using insulting words including a reference to colour.
Terry announced his retirement from international football as his position had become untenable.
September 27, 2012
Terry was banned for four games for racially abusing Anton Ferdinand and fined £220,000.
November 11, 2012
Terry suffered a knee injury against Liverpool and was ruled out until the end of January. He was left out of the side that won the Europa League agreed a one year contract that summer after looking as if he was on the way out of Stamford Bridge.
Restored to the side by Jose Mourinho, Terry was a regular once again and won another new contract.
Terry captained Chelsea for the 500th time against Crystal Palace and led his side to the league title as well as another League Cup triumph, scoring the opening goal against Tottenham.
Another Premier League title goes John Terry's way as he plays every minute of their campaign
August 16, 2015
Jose Mourinho subbed John Terry at half-time for tactical reasons. The first time the Portuguese boss had done so.
January 31, 2016
Terry announces his contract won't be renewed and he will leave Chelsea at the end of the season.
May 7 2016
Terry is sent off at Sunderland, his second red card of the season, meaning he will miss the final two games of the season
May 13, 2016
Interim manager Guus Hiddink's final pre-match press conference is used to announce Chelsea have performed a U-turn and offered Terry a new deal.
May 15, 2016
Suspended Terry takes part in a lap of honour at the Bridge and addresses the fans, hinting he wants to stay, as the Blues close the season against champions Leicester.
May 18, 2016
Terry and Chelsea announce a new one-year deal has been signed, with incoming manager Antonio Conte having given his seal of approval to the contract.