Chelsea to unlock transfer warchest this summer

Roman Abramovich is ready to give Chelsea’s next permanent manager a transfer budget of £247 million to spend in the summer, in a bid to get the club back challenging for the Premier League title, according to The Daily Mail.

The west London club find themselves in sixth place in the English top flight currently, and are in grave danger of missing out on next season’s Champions League.

With Andre Villas Boas’ dismissal and as yet no confirmation that Roberto Di Matteo will be offered the role on a full-time basis, Abramovich plans to use an inflated transfer kitty to lure a big name manager to Stamford Bridge.

The newspaper indicate that the Russian money-man will urge the club to buy the best talent available, with a raft of potential targets emerging.

A centre forward, two full-backs and an attacking midfielder are thought to be on the club’s hitlist to strengthen sufficiently to challenge for honours on all fronts next term.

A renewed effort to sign Tottenham playmaker Luka Modric is believed to be in the offing, whilst Ajax defender Jan Vertonghen, Atletico Madrid’s Radamel Falcao, Napoli’s Ezequiel Lavezzi, Real Madrid’s Gonzalo Higuain and Porto’s Hulk are all names mentioned in the press.

By Gareth McKnight