Ranieri could be axed following a string of poor results, including their 3-1 loss to Basel in the Champions League.
“I am not thinking about quitting because I am not a coach who gives up when the going gets tough and I expect the team to react,” he told Il Corriere dello Sport.
“Will we have a directors meeting? I don’t know about this. As for the fan protests, this is football and so I am not surprised.
“When you win, the fans always back you. When you lose, they are against you.”
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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.