A report in the Daily Star this morning claims Chelsea have targeted Spanish pair David Villa and Sergio Ramos .

Danny Fullbrook writes: "The Blues have been chasing Valencia striker Villa for more than a year without any luck. But new boss Carlo Ancelotti also wants to snap up Real Madrid defender Ramos, who can play at right-back or in central defence."

David Villa could well be leaving Valencia in the January transfer window after recently sacking his agent and with the Spanish side in financial difficulty. The 27-year-old striker has scored 10 goals in 13 games this season.

Sergio Ramos is a lot less likely to depart from Real Madrid as he is a first choice player at the Bernabeu. The Spanish international defender is contracted to the club until the end of 2012/2013.

The rumours of a bid for the Spanish pair have come following comments by Chelsea captain John Terry who has urged owner Roman Abramovich to splash the cash.

Terry: "We're going well at the minute and we're lucky enough to have a big squad with good players who can come in if we get a couple of injuries. But, looking at it realistically, we're maybe going to be suspended in the summer window and maybe another one after that. I wouldn't be surprised if we do go out and buy because we don't know what's going to happen."

The England captain added: "We lose four good players in January [to the Africa Cup of Nations], I'm sure the club and the manager are looking into that and having good talks with Roman. The manager has great experience and he knows what we need."