Chelsea to pounce as Villa move to Madrid collapses

Chelsea have been handed renewed hope of signing David Villa after talks over the Spain star's move to Real Madrid broke down, reports the Daily Mail.

Valencia rejected a deal with the Blues last week because they were in advanced discussions over a £36million deal to take the striker to the Bernabeu.

However, with interest also being mooted from Barcelona, Manchester City and Manchester United, financially troubled Valencia are holding out for a fee of around £40m, a price that Chelsea were reportedly happy with.