Chelsea should make a major push to land Radamel Falcao in January after watching rivals Manchester United and Manchester City erase the Blues' strong start and make it a three-horse race atop the Premier League table.
He believes it's the type of move owner Roman Abramovich would like to make.
The unknown factor surrounds when Chelsea plans to get aggressive in pursuit of Falcao. Lythell states the summer window is more likely even though he mentions growing speculation that January isn't totally out of the question.
In reality, the decision probably won't get made until closer to the window opening so both clubs are able to get a better idea of what type of realistic goals they have in the season's second half.
There are still plenty of matches before that point.
Assuming there are no drastic changes to either team's standing, Chelsea should do everything in its power to make a major midseason addition.
Falcao could be the piece the Blues need to keep pace with the Manchester clubs down the stretch.
The 26-year-old Colombian sensation has racked up goals at every stop during his career, but it wasn't until he joined Los Colchoneros last season that he became a global phenomenon.
Now he's viewed as one of the best strikers on the planet.
His ability to create space in the blink of an eye followed by finishing with either foot or his head allows him to make an impact few in Europe can match, and that's exactly the type of player Chelsea needs to lead its attack.
The Blues will have to make a gigantic investment to make a deal happen, however. Players who can score 49 goals in 59 matches against high-level European competition don't come cheap.
The ESPN report mentions £50 million as a base number.
Will Falcao end up with Chelsea before next season?
It's a steep price to pay, but with Fernando Torres struggling to maintain his form after a fine start, an overwhelming burden has been placed on players like Juan Mata and Eden Hazard to create offense.
And it's starting to show.
The Blues need somebody like Falcao, who has proven at both the league and European tournament (where he has been especially impressive) levels that he can handle the pressure.
The circumstances wouldn't phase him.
As the roster currently stands, Chelsea should have a reasonable chance to keep pace in the EPL through season's end, but the Manchester clubs would be favored. Add Falcao to the mix in January, and the entire outlook changes.
If the Blues are as interested in Falcao as the rumor mill suggests, they shouldn't wait to make a deal, potentially allowing other teams to drive the price up even further. If Abramovich gives them the green light, the team must try to make something happen in January.
As the last few weeks have illustrated, Chelsea could really use him sooner rather than later.