Chelsea are likely to miss out on signing Brazilian striker Neymar, according to reports.

Real Madrid are believed to be offering around €40m (£35m) for the player, who is thought to have a buy-out clause of €45m (£39.5m).

However, Chelsea owner Roman Abramovich is wary of outbidding the Spanish side, The Guardian suggests.

“If Chelsea will not pay €45m he will go to Real,” a source told the paper, adding that Ambramovich is unlikely to stump up this amount because “€45m is a lot for a boy of 19”.

The striker, whose current contract runs to 2015, is one of Stamford Bridge’s key targets this summer, the club having failed to acquire him last year.