Chelsea boss Carlo Ancelotti has played down the prospect of a summer spending spree.

Ancelotti has had less of Roman Abramovich's billions to spend than some of his predecessors such as Claudio Ranieri and Jose Mourinho.

However, the 50-year-old does not believe splashing the cash is necessary.

"It's not a given that the more you spend the more you win," said Ancelotti. "We have a good squad which will be slightly changed next year."