Real are reportedly targeting the 25-year-old after losing centre-back Pepe to injury.
But Ivanovic’s agent, Vlado Borozan, expects the Serbian to stay with Chelsea.
“The interest of Real Madrid is true, but I don’t think the Blues are willing to sell him at this moment,” Borozan told calciomercato.it.
“Ancelotti has admired him since he was Milan’s coach, and now Ivanovic is part of his plans of Chelsea, it seems very difficult that Real can take him.”
