London, Mar 29 (ANI): Chelsea owner Roman Abramovich will give coach Carlo Ancelotti 100 million pounds to rebuild the team and that will include a bid for ace striker Fernando Torres.
The Blues owner met his coach at the club's Cobham training ground on Wednesday to discuss plans for buying new players.
It was their second face-to-face meeting in 24 hours. They also met after Tuesday night's defeat by Inter Milan, when Ancelotti was told his job is safe.
Abramovich was concerned his coach was unsettled by all the hype after ex-boss Jose Mourinho's victory and wanted to reassure him.
Ancelotti already has a list of star targets, which includes Torres, Sergio Aguero, Maicon, Bastian Schweinsteiger and a new goalkeeper, The Sun reports.
A senior Chelsea source said: "Carlo has the full backing of Roman and that will mean the kind of money being spent this summer that we haven't seen since Mourinho was in charge.
"Roman believes Carlo is the right man and will give him exactly what he needs to rebuild the team. This squad has gone a bit stale and needs to have some fresh blood."
Joe Cole is expected to be allowed to leave and Nicolas Anelka will be sold if he does not agree to a one-year extension on his contract.
Deco's contract will be terminated, just as the homesick Brazilian star has requested, and fringe players such as Hilario, Paulo Ferreira and Juliano Belletti will be told they can go elsewhere.
Ancelotti expects to sign at least two big-name players but has also been asked to identify up-and-coming talent. (ANI)