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Zinedine Zidane has been tipped to replace the Italian at Stade Louis II this summer, with speculation linking him with a return to Italy

Monaco vice president Vadim Vasilyev has rejected rumours that head coach Claudio Ranieri could depart the club this summer.

Ranieri guided big-spending Monaco back to Ligue 1 last term and was afforded a large budget to bring the likes of Radamel Falcao, Joao Moutinho and James Rodriguez to Stade Louis II this season.

Reigning champions Paris Saint-Germain have dominated the current Ligue 1 campaign, despite Monaco's big financial outlay, and they sit 13 points behind the capital club with just six games remaining.

Monaco have reached the semi-finals of the Coupe de France and remain on track to secure a Champions League place next season.

However, reports in France have suggested Ranieri could be replaced by Real Madrid assistant and France legend Zinedine Zidane, with the Italian taking over at Fiorentina.

"It (the rumours) amazes me," Vasilyev told the club's official website. "I have already said Claudio Ranieri is under contract until June 2015.

"(He) works extremely hard with all his staff to achieve the objectives set at the beginning of the season.

"These rumours are not justified."

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