Chelsea are ready for a mega bucks auction with Barcelona for Valencia ace David Villa.

The Sun says Valencia will be looking for bids upwards of £32m. Barcelona have already lodged their interest - as have the Blues.

Valencia director Juan Sanchez insists the more goals Villa scores at Euro 2008, the higher his price will be.

Sanchez said: "He has a contract and is having a great Euro.

"We are calm and we hope he will continue to score many goals. You never know what will happen if we get offers. It's not a question of putting a price on him. What will come in the future will be assessed then."'

Villa, 26, insists he is only thinking about Spain's Euro 2008 bid.

He said: "I'm not going to speak about my future until after the Championships."'

Barcelona will use the money from the sale of Samuel Eto'o to fund any Villa deal. AC Milan and Inter are favourites to land the Cameroon hitman.