The 21-year-old would instead prefer a move to Spanish side Valencia.
“The chances I (will) get to play (at Valencia) are bigger than at Chelsea,” De Guzman told Dutch magazine Sportweek.
“And I don’t want to be directly loaned out to another club. I want to go to Valencia. I feel a transfer to Valencia is the right step in my career.
“But if the clubs won’t come to an agreement, I don’t have any problems with staying at Feyenoord. I am still very happy at this club.”