The money giants are going to be big players in this upcoming transfer window and have already closed in on the signatures of FC Porto duo James Rodriguez and Joao Moutinho plus Atletico Madrid striker and Chelsea target Radamel Falcao.
Owned by Russian businessman and billionaire Dmitry Rybolovev, Monaco are willing to spend up to £25million on Ivanovic.
The Europa League hero has made 65 appearances in all competitions playing at centre-back and at right-back for the most part of the season.