Terry acknowledges that finishing third in the Barclays Premier League "isn't good enough for Chelsea any more".

The England defender paid tribute to Guus Hiddink's efforts in the second half of the season and is looking forward to the new challenges under Ancelotti.

In an open letter to Chelsea fans, Terry wrote: "He (Hiddink) came at a difficult time when things looked like they were slipping away from us, so to lead us to an FA Cup final and within a whisker of the Champions League final is a great achievement.

"That said, third place in the league isn't good enough for Chelsea any more. It's our worst finish since Mr Abramovich bought the club and we all know we need to do better.

"It is fantastic to win the FA Cup but we want more and that's the way it needs to be for us these days.

"We will all enjoy the time we have off now and come back for pre-season as determined as ever and of course looking forward to achieving great things with the new manager Carlo Ancelotti."