Conte is reportedly already in the process of drawing up a list of transfer targets at Stamford Bridge for the close-season and there have been suggestions that Vidal - who swapped Turin for Bayern Munich in 2015 - is high on his list.
However, the 29-year-old sees his long-term future in the Bundesliga and not in the Premier League.
"These are just rumours that are emerging quickly," he told Sport Bild.
"After all, I played three very successful years under coach Conte at Juventus.
"But there is no reason for me to leave Bayern. I wear this jersey with pride. I feel happy, my wife feels happy, and the children are happy. And I still have big goals in Munich."