Chelsea have been told they must put their bid for Roberto Carlos on hold.
The 33-year-old is the subject of Blues interest as they look to bolster their left sided options.
However, Real Madrid need to appoint a new president and coach this summer and so they are not keen on doing business until after they have their new management structure in place.
Vice-president Emilio Butragueno says things are on hold until after their presidential elections.
"We believe it would be better not to decide anything until after the elections on July 2," he told The Sun.
"It's logical the next president and his advisors should decide if they want Roberto.
"We'll see how they feel about him and Chelsea and a definite decision will be taken on his future."
Despite retaining their Premiership crown Chelsea have been the busiest Premiership side in the transfer market this summer having already signed Michael Ballack, Andrei Shevchenko, Salomon Kalou, Hilario and Jon Obi Mikel.
The 33-year-old is the subject of Blues interest as they look to bolster their left sided options.
However, Real Madrid need to appoint a new president and coach this summer and so they are not keen on doing business until after they have their new management structure in place.
Vice-president Emilio Butragueno says things are on hold until after their presidential elections.
"We believe it would be better not to decide anything until after the elections on July 2," he told The Sun.
"It's logical the next president and his advisors should decide if they want Roberto.
"We'll see how they feel about him and Chelsea and a definite decision will be taken on his future."
Despite retaining their Premiership crown Chelsea have been the busiest Premiership side in the transfer market this summer having already signed Michael Ballack, Andrei Shevchenko, Salomon Kalou, Hilario and Jon Obi Mikel.
