Carlo Ancelotti is ready to stay with AC Milan - if they're prepared to accept his shopping list.

While an offer from Chelsea remains on the table, Ancelotti has assured Milan vice-president Adriano Galliani he's prepared to stay next season if they make the right signings.

La Repubblica says in their summit last week, Ancelotti demanded three big money signings - a centre-forward, along with two defenders.

Arsenal striker Emmanuel Adebayor tops the attacking shortlist, while Lille youngster Adi Rami is also regarded highly by Ancelotti.

A new 12-month contract extension is also being drawn up for Ancelotti, which would see him through to 2011.