Chelsea will not be competing for the signature of Manchester United striker Wayne Rooney.

The Daily Star says the champions have no intention in getting involved in a bidding war for the want-away Manchester United striker.

Carlo Ancelotti could splash the cash on a marquee player - but only if the price is right.

And with Manchester City and Real Madrid both interested, Chelsea aren't prepared to break the bank for Rooney, 24.

Roman Abramovich wants the club to become self-sufficient and balance its books.