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Abramovich outlays an incredible £247m summer spending spree

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Roman Abramovich's master plan to rebuild the ageing Chelsea squad unsurprisingly involves throwing vast sums of money at players across the world. The Daily Mail reported that Chelsea could go an astounding £247m spending spree in the summer to restructure their entire squad. Matters will be complicated by the uncertainty surrounding the managerial position. Roberto Di Matteo is the interim manager but Abramovich is likely to get a big name in the summer. Chelsea have struggled in the Premier League this season and are set to finish outside the Top Four for the first time in Abramovich's reign.

As for the transfer targets, Abramovich has supposedly narrowed in on a striker, an attacking midfielder and two full-backs. The report also suggests that Abramovich's men have been preparing a detailed report on possible targets, which include Porto's Hulk, Atletico Madrid striker Radamel Falcao and Napoli's Edinson Cavani. The defenders reportedly in the interested list are Alvaro Pereira and Cesar Azpilicueta.

There could be high-profile summer exits too, with Didier Drogba, Salomon Kalou and Florent Malouda nearing the end of their contracts. Further departures are expected as the Chelsea squad has more than its share of dead weight.

Chelsea's policy of spending lavishly on players in an attempt to solve problems on the pitch haven't worked out so far, case-in-point the £50m purchase of Fernando Torres. In addition, Abramovich's decision to hire-and-fire managers at will has hit impacted their title challenge in the last couple of seasons and with the position set to be filled yet again in the summer you could be forgiven for mistaking it as a grand Groundhog Day-esque scheme. One title in the last five seasons indicate that Chelsea will have to change their ways and build for the future rather than purchasing for the present.