The gossip columns have spun into overdrive as experts and insiders offer opinions on how Roman Abramovich's Chelsea will spend their new-found wealth.

Milan block �35m Nesta bid

The London club have had an audacious �35m swoop for AC Milan's Italian defender Alessandro Nesta turned down (multiple papers).

Chelsea aim to hijack Manchester United's bid for Paris St Germain forward Ronaldinho (Daily Mail).

HAVE YOUR SAY Man Utd will sign Jay-Jay Okocha if the deal for Ronaldinho falls through From Jiminho, Ireland Send in your gossip

Claudio Ranieri now has a �150m war chest from which to buy players as high profile as Arsenal's Thierry Henry and Patrick Vieira (Daily Express).

The Blues home in on Juventus star Edgar Davids and West Ham ace Joe Cole (Sun).

Chelsea make Barcelona's Patrick Kluivert and Leeds' Harry Kewell their twin targets (Daily Star).

Kewell has already pledged his future to Liverpool (Express).

Newcastle rule out a move for Kluivert after hearing his wage demands (Mirror).

Tottenham winger Simon Davies is the subject of fresh interest from Liverpool (Times).

Jermain Defoe is set to backtrack on his transfer request and pledge his future to first-division West Ham (Mirror).

Harry Redknapp's Portsmouth are trying to snare Spurs' injury-prone midfielder Darren Anderton (Daily Telegraph).