According to The People, Chelsea owner Roman Abramovich has refused to sanction any transfers or contract agreements until the end of the season, throwing the Blues' plans into chaos.
The People quotes a Chelsea insider, who said, "Roman is unhappy about the amount of money Chelsea have been paying in both deals and wages - he thinks he has spent far too much. Now he wants to let everything cool down before he decides what to spend."
The decision to shelve contract talks for now leaves Joe Cole in the dark over his future. The England midfielder is reportedly keen to stay at Stamford Bridge, but has no idea what Chelsea can offer him and is therefore reluctant to look elsewhere.
In addition, given that Chelsea chiefs have no idea what transfer budget may be available over the summer, they are unable to pursue players such as Benfica winger Angel Di Maria, who Chelsea sporting director Frank Arnesen watched at Anfield last week.
In contrast, Real Madrid is in a position to agree to Benfica's £23million asking price for 22 year-old Di Maria immediately.
The People quotes a Chelsea insider, who said, "Roman is unhappy about the amount of money Chelsea have been paying in both deals and wages - he thinks he has spent far too much. Now he wants to let everything cool down before he decides what to spend."
The decision to shelve contract talks for now leaves Joe Cole in the dark over his future. The England midfielder is reportedly keen to stay at Stamford Bridge, but has no idea what Chelsea can offer him and is therefore reluctant to look elsewhere.
In addition, given that Chelsea chiefs have no idea what transfer budget may be available over the summer, they are unable to pursue players such as Benfica winger Angel Di Maria, who Chelsea sporting director Frank Arnesen watched at Anfield last week.
In contrast, Real Madrid is in a position to agree to Benfica's £23million asking price for 22 year-old Di Maria immediately.
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