Ancelotti eyes raid on Chelsea for PSG
Carlo Ancelotti is set to return to Chelsea with offers to sign the unwanted pair of Alex and Florent Malouda for French club Paris Saint-Germain.
Both players can leave in the January transfer window as Ancelotti's successor as Chelsea manager, Andre Villas-Boas, continues his overhaul of the squad he inherited.
Ancelotti is set to be confirmed as PSG's new coach, succeeding Antoine Kombouare, possibly today, and has been promised substantial funds by the club's wealthy Qatari owners.
Ancelotti would like to sign Manchester City's Carlos Tevez and AC Milan striker Alexandre Pato, having targeted both players when he first took over at Chelsea in 2009.
However, it is understood that Pato is a far more realistic target than Tevez, who still appears more likely to join Milan. The Italian may also return to Chelsea to try to sign Didier Drogba who, it is understood, has indicated that he would like to leave in the January window.
PSG also hope to announce the signing of David Beckham, who is set to agree an 18-month contract once his agreement with LA Galaxy expires tomorrow.
Chelsea are pushing ahead with plans to sign Bolton Wanderers defender Gary Cahill for £7m and hope to announce the deal on Sunday.
However, there have been a couple of hitches to negotiations, with Cahill's wage demands having caused some surprise at Chelsea.
Villas-Boas is attempting to sign the Serbian international Milos Krasic from Juventus, but because the Blues are only proposing a loan deal, the chances of landing him remain slim.
The Portuguese is also mulling over whether to make an attempt to sign midfielder Joao Moutinho from his former club Porto, and Everton's Jack Rodwell. (© Daily Telegraph, London)