Rio Ferdinand  and Frank Lampard
England's Rio Ferdinand talks to Frank Lampard during a team soccer training session in London Colney

Chelsea's star midfielder Frank Lampard and Manchester United's top defender Rio Ferdinand are reportedly being pursued by Chinese club Guizhou Renhe, who are willing to fork out a whopping £250,000 a week for the two former West Ham United teammates, according to a Sun report.

The club's chairman, Wang Guolin, says he is ready to invest any amount to bring star players to his club, which was formed in 1995.

"I want the best team in China and we are prepared to invest a lot of money to bring Ferdinand and Lampard to us. Many people here watch the Premier League and know how good the two players are," The Sun quoted Guolin as saying.

Meanwhile, rivals Shanghai Shenhua, who have already acquired Nicolas Anelka from Chelsea, are now reportedly trying to land Ivorian striker Didier Drogba after already making a very generous (£300,000-a-week) offer to Real Madrid boss Jose Mourinho.

In keeping with the big-name rumours, former England manager Sven-Goran Eriksson is also reportedly on his way to the Chinese Super League, after previously being linked to the managerial post at Shandong Luneng.

Ferdinand's agent Pini Zahavi, who has been linked to the some of the most expensive transfers in recent times, is currently handling all the new deals in China, where football is a fast growing business.

"When the Chinese want to achieve something they do it. Football has become a big business for them now and they want to bring in the best players and managers," the Sun quoted Zahavi as saying.

Guizhou Renhe, established in 1995, is a football club based in the Guizhou province in south-west China which competes in the Chinese Super League started in 2004.