Chelsea are ready to pounce for Real Madrid contract rebel Pepe.
AS says contract talks between Real and Pepe's representatives have completely broken down.
Pepe is refusing to budge over his personal terms - and Real have made it clear there's no chance of matching his demands.
Chelsea are now ready to move, with the Portugal defender inside the final 18 months of his existing deal.
The Blues are understood to have already registered their interest with Pepe's agent, Jorge Mendes, who also enjoys a good relationship with Stamford Bridge chiefs.
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