Valencia ace David Villa will decide this week whether to join Chelsea or Real Madrid.

The Sun says Blues' sporting director Frank Arnesen and Real counterpart Jorge Valdano are in Valencia to thrash out their proposals with the striker's club and his agent.

Reports suggest Chelsea are ready to offer a £38million cash deal while Real are hoping to lure him with a bid of £24m plus striker Alvaro Negredo.

Villa, 28, who has already turned down a megabucks move Manchester City, is thought to favour a move to Madrid for family reasons.

His agent, Jose Luis Tamargo, said: "The key here is not just the money being offered but the sporting ambition of the club. David has never been interested only in money."