The 21-year-old has long been linked with a move to the Champions League winners.
But Leverkusen chief executive Wolfgang Holzhauser insists that they have no plans to sell the striker.
“Andre Schurrle is an important player of our club,” he told Bild.
“There is no asking price in this case as there is no alternative solution. We have already said everything about this.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.