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The Italian coach guaranteeed that the Italian striker is not a transfer target of his and asserted that he has money to invest in bolstering the squad

Paris Saint-Germain coach Carlo Ancelotti has indicated that he has no interest in Inter striker Giampaolo Pazzini.

Italian sources claimed on Thursday that Ancelotti regarded the 27-year-old as a backup plan in case the club failed in their efforts to prize Alexandre Pato away from AC Milan in the summer.

"Pazzini? No, we do not need him," Ancelotti told a press conference. "We already have Guillaume Hoarau, who is very similar to Pazzini.

"I am very happy with Hoarau's work, I trust him."

The Italian coach, who arrived at PSG in December, then confirmed that the PSG board will back up his project with a €100 million transfer kitty. 

"The club are ready to invest and I am happy about this," Ancelotti added.

"But we already have a very balanced group and we will not spend this sum right now, but within the next five years.

"We are competitive already and I do not think there is a reason to change the group too much."

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