Chelsea have been joined in their pursuit of Real Madrid manager Jose Mourinho by mega-rich Monaco, and the principality club are reported to have made a huge offer to attempt to prise the Portuguese from the Santiago Bernabeu this summer.

According to The Mirror, Monaco are prepared to make Mourinho the highest paid manager in the world, as the club's billionaire Russian owner Dmitry Rybolovlev attempts to establish the Ligue 2 side among Europe's elite once again.

Monaco's current boss is former Chelsea coach Claudio Ranieri and, it would appear, the club are intent on replacing the Italian with another ex-Blues boss in time for the new season.

Rybolovlev is determined to trump Russian rival Roman Abramovich in his pursuit of Mourinho, while the former Inter Milan manager is reported to be holding out for £12 million-a-year if he is to replace Rafael Benitez at Stamford Bridge.

Benitez will leave Chelsea at the end of the season when his interim tenure expires, and Mourinho remains the odds-on favourite with bookmakers to become Chelsea's next permanent manager.

Mourinho had appeared destined to leave Real Madrid in the summer after a number of bust-ups with the club's players and hierarchy, reports have since claimed the 50-year-old could stay with the club for next season at least.

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