Chelsea have already started their summer spending by purchasing Marko Marin from Werder Bremen. Since this move, the rumour mill has quickened, with Gonzalo Higuain touted as the latest player who could join the Blues.
Despite progressing to the Champion's League final, Chelsea's league form has been patchy at best and they are in jeopardy of not qualifying for the competition next year.
Their squad is ageing and many high-profile players are nearing the end of their Chelsea careers—Didier Drogba may even leave this summer.
With mega-rich owner Roman Abramovich at the helm, a spending spree is inevitable. He will be looking to make a serious splash in the transfer market after a relatively quiet January. As usual, money will be no object.
But who will Chelsea target?
Here are the latest rumours from around the web.