Paris Saint-Germain are not giving up hope of signing Branislav Ivanovic despite the player's ongoing discussions with Chelsea, reports the Daily Mail.

The Serbian international is expected to pen an extension on his current £120,000-a-week contract, which currently has two more years to run at Stamford Bridge.

Ivanovic has found himself playing a key role for Jose Mourinho this season and is happy to stay for the foreseeable future.

Chelsea are in talks with the defender over a new deal and an announcement is expected in the coming weeks.

That hasn't put Laurent Blanc off though as the PSG manager is still tracking the defender's situation with the hope of luring him away in the summer.

PSG have seemingly endless funds to offer Ivanovic and should be able to surpass Chelsea's £120,000-a-week offer.

However, the reality of the situation is sinking in at the Parc des Princes and other targets are being mooted around. Manchester City's Pablo Zabaleta is believed to be a backup target while Newcastle star Mathieu Debuchy is also being tracked.

Ivanovic has played 31 games for Chelsea this season, helping them in to the Champions League second round and top of the Premier League.

With Kurt Zouma arriving in the summer, Mourinho sees Ivanovic as an important figure to guide the 19-year-old in the coming seasons.

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