Milan Baros who just joined Lyon from Aston Villa, has claimed he had been offered the chance to join the Premiership champions.
O’Neill told Sky Sports News: “What happened was we obviously had shown an interest in Shaun Wright-Phillips and the fact we had made a bid at that particularly stage.
“I’m sure Shaun Wright-Phillips sees his future at Chelsea, that’s fine, I’ve got absolutely no problem with that.
“This was actually just to do with a loan. I think Shaun Wright-Phillips wanted to come on loan until the end of the season, so he could have a look at things.
“We would then send Milan on loan in reverse, but that never materialised.
“It was never a permanent deal, it was always going to be a loan.
“Had Chelsea been interested in taking Milan permanently I would have been listening to hear what they had to say.
“But it was only a loan and it disappeared almost as quickly as it materialised really and there was very little in it.”