The Daily Mail says Scolari will be handed a massive £108million transfer budget to transform Chelsea into the world's greatest football team.

The Brazilian, who starts his £6million-a-year job at Stamford Bridge on 1 July, has already begun drawing up a shopping list of the game's top stars.

Backed by Chelsea owner Roman Abramovich's millions, Scolari looks certain to move for £10m-rated Barcelona star Deco, who has thrived during his time under the Portugal coach.

Other targets are likely to include Valencia's David Villa at £32m, AC Milan's Kaka at £50m and Barcelona's Samuel Eto'o at £16m.

But Scolari will also be focused on keeping Chelsea's top players and will start by convincing defender Ricardo Carvalho to sign a new deal.

Scolari has enjoyed a great relationship with the 30-year-old during his five years with Portugal and a contract worth £100,000-a week is understood to be waiting when he returns from Euro 2008.