• Torres and Franck Ribéry lead list of transfer targets
• Squad pleads for final Champions League chance

Chelsea are drawing up plans to reshape their squad after being knocked out of the Champions League and despite the current squad pleading for one more chance to win Europe’s top prize.

The 1–0 defeat by José Mourinho’s Internazionale on Tuesday exposed weaknesses in Carlo Ancelotti’s squad. The club will aim to retain the spine of the team but a number of fringe players are expected to be moved on in the summer.

Chelsea’s transfer policy in recent seasons has been one of relative prudence, as successive chief executives have aimed for self-sufficiency instead of continued reliance upon Roman Abramovich’s benevolence. However, the club’s Russian owner has made it clear that should the right players become available at competitive prices, he will fund the occasional big signing.

Ancelotti may thus be able to consider moves for long-standing targets such as Fernando Torres, Franck Ribéry, Angel di