Chelsea have offered Real Madrid €70-million ($108-million) for their defender Sergio Ramos, daily newspaper El Mundo reported on Wednesday.

Real, who clinched their second straight Spanish league title over the weekend, was "reflecting on the offer" for the 21-year-old Spanish international who is under contract with the club until 2013, the newspaper said without citing named sources.

If the offer is accepted, the former Sevilla defender would become "the most expensive defender in history", it said.

"His transfer would not only be the solution to the problems of the club's accounts but it would also open the door to the recruitment of a megacrack," the newspaper said.

The report emerges after Chelsea owner Roman Abramovich was in Madrid earlier this week for a basketball tournament.

Ramos has also sparked interest from Italian side AC Milan, according to Spanish media reports.

AFP