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Chelsea cautious about move for expensive Falcao

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Champions League winners Chelsea may not spend over the top for Atletico Madrid striker Radamel Falcao, a Blues insider told ESPN. Chelsea are planning to be careful with their finances with UEFA's Financial Fair Play rules coming into effect.

Roman Abramovich is well-known for his spending power as Chelsea paid Liverpool a whopping £50 million for Fernando Torres in January 2011. The Blues also splurged heavily last summer, bringing in Eden Hazard for £32 million. But with Atletico slapping a hefty £48 million price tag on Falcao, Chelsea will be hesitant to spend big as they try to stay within the financial fair play limits.

The Chelsea source was quoted as saying, “Chelsea will never pay such massive prices for a player again.”

Manchester City and PSG have also been credited with an interest in the striker. However, the source added, “Paris St Germain don't want him [Falcao], and [City boss Roberto] Mancini wants [Stevan] Jovetic.”

The Atletico Madrid striker has been in heavy demand since scoring a wonderful hat-trick to destroy Chelsea in the UEFA Super Cup. However, buyers are wary after Atletico Madrid set a £48 million price for his signature as the La Liga side attempt to solve their financial crisis after being cautioned by UEFA for failing to satisfy the Financial Fair Play rules.