And he taunted Manchester United by predicting
CITY will be big challengers this time.
Chelsea have so far drafted in only £5million midfielder Yossi
Benayoun from Liverpool to bolster their squad but are keeping tabs
on Torres.
The Spaniard would cost at least £50m but Ancelotti only
considers him a bonus.
He said: "We don't need more strikers, we are able to win.
"We are able to defend the title. We have to defend this title.
We want to do our best in all the competitions."
Ancelotti, 51, admitted there was nothing he could do to keep
England midfielder Cole, whose contract ran out in the summer.
He said: "The problem was economic. It was a problem between the
club and Joe Cole, not me. It was not my problem."
Ancelotti admitted he was wary of Manchester City's threat
domestically. He said: "They will do better than last season. They
have fantastic players and will be an important opponent for
us."
But he is also targeting a big prize elsewhere. He said: "Our
aim is to do better than the last year in the Champions League. We
went out too early last season."
Benayoun had a groin strain for the pre-season date at Crystal
Palace on Saturday but Michael Essien returned from a knee injury
to net the only goal in Chelsea's win.
Ancelotti let his World Cup players put their feet up after
South Africa.
He said: "I will give the right time to rest and recover to be
100 per cent next season."