Real Madrid defender Sergio Ramos is a target for Chelsea.

The Daily Star says new boss Carlo Ancelotti wants to snap up Real Madrid defender Ramos, who can play at right-back or in central defence.

The news comes as Chelsea skipper John Terry has warned that the club will spend big in January, because it could be their last chance for 18 months.

Earlier this month the Court of Arbitration for Sport suspended a transfer ban imposed on the Blues while they wait to rule on a dispute over the signing of French youngster Gael Kakuta.