Roman Abramovich is reigning in the spending at Chelsea.
The Mail on Sunday says Chelsea have been told that the club's big-spending days are over and that billionaire owner Abramovich will no longer bankroll multi-million-pound transfers or bumper contracts.
Some players have had bonus payments reduced - effectively a pay cut - and been told that there will be no major signings in the future unless the club generate the money to pay for them.
The players were called to a meeting at the club's Cobham training ground where they were addressed by chief executive Ron Gourlay and chairman Bruce Buck.
The executives spelled out the message from Abramovich that the club have to live within their means and that cutbacks are necessary.
Players who signed contracts before 2009 still have win bonuses guaranteed but most contracts signed since last year have them guaranteed only on a season-by-season basis and bonuses have been cut back this year.
Coaching staff and catering costs at Cobham have also been slashed.
