By Chelsea correspondent Tony Hughes

Gary Cahill is ready to quit Chelsea in the next week in a bid to save his Euro 2016 dream, Football Insider sources understand.

In a bombshell to the Premier League champions, Cahill is keen to find a new club just a month after signing a four-year contract.

The 30-year-old has grown disillusioned after slipping down the centre-back pecking order under new manager Guus Hiddink.

Cahill has played in just two of Chelsea’s last 10 matches, the 2-2 draw against Watford on Boxing Day and the 2-0 FA Cup third-round win over Scunthorpe.

John Terry and Kurt Zouma have emerged as the favoured central defence partnership of Hiddink, which is likely to continue after they helped to shut out Arsenal in the 1-0 win at Emirates Stadium last Sunday.

A source close to Cahill has told Football Insider that the centre-back is keen to find a new club, either on loan or on a permanent basis, in the final days of the January window.

The former Bolton man, who joined Chelsea for £7million in the winter window of 2012, is convinced he needs to be playing regularly to stay in Roy Hodgson’s plans for this summer’s European Championships.

New order: Zouma has leapfrogged Cahill in the Chelsea centre-back pecking order

New order: Zouma has leapfrogged Cahill in the Chelsea centre-back pecking order

Cahill is currently vice-captain in Hodgson’s squad but the emergence of John Stones and the consistency of Chris Smalling is threatening the Chelsea player’s chance of a starting role at the tournament.

Cahill committed his long-term future to the Blues in December, just days before his 30th birthday, which would have meant he was only eligible for a 12-month extension.

At the time, Cahill said: “I’m really pleased to commit my future to Chelsea and it’s great the club has put their faith in me.

“I have achieved a lot here and I hope I can keep on learning, helping the team and lifting trophies over the next four years.”

In other Chelsea news, the Premier League champions are closing in on the shock transfer of New York Red Bulls centre-back Matt Miazga.