Chelsea are planning a £100 MILLION January spending spree. The Daily Star says owner Roman Abramovich is ready to sanction another assault on the transfer market, with the big-spending Blues eyeing up at least £100m worth of talent ahead of the January transfer window.

Boss Rafa Benitez will hold talks over transfer targets with the Chelsea hierarchy later this week.

Porto star Joao Moutinho, who has a £28.5m buyout clause, is high on Chelsea's wish-list, while Everton's £20m-rated Belgian midfielder Marouane Fellaini is another under consideration.

But Atletico Madrid's goal sensation Falcao remains Chelsea's top striker target.

He has a £48m buyout clause and the Blues have already drawn up a £200,000-a-week offer for the Colombian hitman, which would make him the top earner at Stamford Bridge.