The German international is hoping to be awarded a new two-year deal in west London, but acknowldges that there is little likelihood of any meaningful progress until the summer.
He is not overly concerned, however, as a number of senior players are in a similar position at the moment at Stamford Bridge.
He also believes that he still has plenty to offer personally and could probably manager another two seasons at the top level.
"There are no contract talks with [club owner Roman] Abramovich for me now, and there are other stars at Chelsea who are in the same situation," Ballack told Bild.
"Even coach Carlo Ancelotti does not know anything.
"Despite that, I am feeling very relaxed about my situation. I want to carry on playing at the highest possible level for another two years. I feel I can do it."