M’Vila has been linked with the likes of Arsenal, Tottenham and Manchester City over the summer.
“He will not be in England,” Sernin told RMC.
“Tottenham passed on the player at 19:30 on Thursday.
“He is 95 per cent likely to remain with Rennes, unless a Russian or Ukrainian club make an offer – sporting wise that would not be attractive but economically it would be very positive.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.