Rovers are making a record-breaking bid to sign AC Milan's Brazilian legend Ronaldinho with a stunning £130,000-a-week contract offer.
Rovers would also have to pay AC Milan a fee but a Venky's source confirmed to the Mirror: "We are in negotiation. We have been for weeks and now we are making official the interest in him.
"We have spoken four times with Assis. The owners know that Ronaldinho was not being used properly in Milan and is dissatisfied and, above all, wants to play in England.
"He has played in the French, Spanish, Italian and Brazilian leagues. The Indians want to put together a competitive team and Ronaldinho is not the only name in Brazil that interests us.
"We know that Assis is more worried about Ronaldinho than with money and more interested about the quality of the project that has been presented. We have the best project."