Chelsea owner Roman Abramovich refuses to pay over the odds for Atletico Madrid star Radamel Falcao.

The Daily Star says Abramovich is only willing to pay up to £40m for Atletico Madrid's superstar striker.

The Blues' lack of firepower was shown up on Tuesday when £50m Fernando Torres put on a woeful display in the 2-1 Champions League defeat at Shakhtar Donetsk.

But Abramovich's maximum bid is still £8m short of the massive release clause cash-strapped Atletico have slapped on the 26-year-old.