LONDON - CHELSEA boss Carlo Ancelotti insisted on Friday that he will not be rushing for the Stamford Bridge chequebook despite a transfer ban being lifted on the Premier League leaders.

The high-flying London club had been banned by Fifa from signing any new players until January 2011 after they were accused of encouraging French youngster Gael Kakuta to break a contract with his first club, Lens.

But on Friday, the Court of Arbitration for Sport (CAS) temporarily lifted the four-month suspension pending a full ruling by arbitrators which now allows Chelsea to reinforce their squad in the January transfer window.

Ancelotti, whose team tackle defending champions Manchester United on Sunday, said: 'We can buy players in January, but we don't want to take a decision in this moment.

'I'm very happy with the squad and it's not necessary at the moment to take new players.

'I know we will lose four players in January (to the African Cup of Nations), but if we maintain the players' fitness, we can have a good period also without the African players.' -- AFP