Chelsea may have been banned from signing players till 2011 but that has not detered Chelsea from having contracts with the players and signing them once the transfer ban is lifted.
The player who they have chosen to "sign" is a young Bosnian goalkeeper called Matej Delac.
The contract is 5 years in length and allows Delac to play for his current club Inter Zapresic, however, his salary will be paid by Chelsea. He will however be frequently training with the Blues squad when ever possible.
Delac already has first team experience playing for his club. The 6 ft 3 in goalkeeper is part of the Croatian senior squad at a young age of 17.
This surely calls into question Chelsea's plan for Rhys Taylor and Jan Sebek, two goalkeepers currently in the Chelsea youth squad.
Ancelotti was delighted with the move and said "He is a young goalkeeper getting very good experience in his country and we think that he can be very good in the future. I think FIFA are happy. He is a very young goalkeeper and this is a solution for our future, not for the present."
Let us hope FIFA has nothing to say about this.