Branislav Ivanovic
Branislav Ivanovic Reuters

Chelsea defender Branislav Ivanovic has confirmed he is aware of interest from Spanish champions Real Madrid but is happy with life in London.

The Serbian international has made 45 appearances for the Blues this season and is being targeted by Jose Mourinho's side for his work rate and ability to play anywhere across the backline. Reports from Spain claim the 28 year old is high on the list of Madrid targets, as Mourinho looks to strengthen his team ahead of next season.

Ivanovic featured in his country's 0-2 defeat to Spain on Saturday and said that since Chelsea were now European champions, leaving Stamford Bridge would be complicated.

"I know what has been written about my future and that Madrid are following me, but now is not the time to talk about this. I am focused on the national team now and I am very happy at Chelsea," the Daily Mail quoted Ivanovic as saying and adding, "I won the Champions League just one week ago and to think about changing clubs now is complicated. I am very happy in London."

The player joined Chelsea from Russian side Lokomotiv Moscow in 2008 and is under contract till 2016. He missed playing the Champions League final in Munich through suspension.

Meanwhile, Madrid are planning to offer £8mn plus midfielder Fernando Gago to Roma, in hopes of signing the Italian club's striker Pablo Osvaldo, according to Gago's agent has already confirmed the Argentine has agreed personal terms with the Romans (he was on loan from Madrid) and all that remains is for the clubs to come to an understanding.

It is believed Madrid officials will meet their Roma counterparts next week to discuss the proposed transfer of the 26 year old midfielder and Los Blancos will present the idea of a cash-plus-player deal for Osvaldo at that time. Osvaldo was the Giallorossi's top scorer last season, scoring 11 goals in 26 league appearances but the forward has had disciplinary problems at the club and could be sold.

The signing of Osvaldo is seen as back-up in case Argentine striker Gonzalo Higuain decides to leave the Santiago Bernabeu in the summer. The 24 year old striker is reportedly unhappy with the lack of playing time in the Spanish capital and has been linked with moves to Italian champions Juventus, Chelsea and free-spending French club Paris St Germain.