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from Reuters Soccer Blog:

Chelsea banned from signing players – your views

Premier League club Chelsea have been banned from registering any new players for the next two transfer windows, FIFA said on Thursday.

"Chelsea are banned from registering any new players, either nationally or internationally, for the two next entire and consecutive registration periods following the notification of the present decision," a FIFA statement said.

The decision effectively means the English club cannot register any new players until January 2011. The next transfer window is in January followed by another in 2010.

The punishment was handed out by FIFA following a contractual dispute involving the transfer of Gael Kakuta from French club Racing Lens in 2007.