Chelsea announced that Demba Ba is officially a member of the club after signing a new contract and completing a move from Newcastle United. Despite the high-profile addition, the Blues continue to get linked to other potential transfers.
The Blues are currently 14 points behind Manchester United and are watching their title hopes slip away after a strong start. Although Ba represents an upgrade at striker, he's not enough to complete a comeback. So it's no surprise that Chelsea is still being considered a player in the transfer market.
Let's take a glance at some of the latest updates about possible moves, both incoming and outgoing, as the January transfer window really begins to heat up.
How intensely the Blues pursue Falcao after landing Ba remains to be seen, but they are one of several top European clubs to be linked to the Atletico Madrid striker. Falcao currently ranks second in La Liga with 17 goals, trailing only Lionel Messi.
After rumors started to surface that a move to rival Real Madrid was on the horizon, Falcao's club swiftly moved to deny the link, according to Sky Sports. Manchester City is listed as another side interested in the talented Colombian.
While Falcao would be a terrific addition to any squad due to his goal-scoring ability, it's hard to imagine the Blues carrying three big-name strikers, including Ba and Fernando Torres. Another move would probably have to proceed a Falcao chase.
The ongoing Lampard saga continues to make headlines around Stamford Bridge. With the longtime Chelsea star's contract set to expire at season's end, questions about a future move are going to be a constant throughout January.
If Lampard were to move, it would mark the end of an era. He reportedly offered to take a pay cut to remain with the Blues, but it wasn't enough to change the club's stance, according to David Woods of the Daily Star. Woods states that if Lampard moves in January, it would be for a club abroad.
At 34, the England international has still been one of Chelsea's most reliable contributors during the current campaign. He's scored six goals, including two in a recent victory over Everton. Keeping him through season's end makes the most sense.
Targett isn't the type of marquee name the Blues are usually linked to. At least, not yet. The 17-year-old defender is starting to make a name for himself at Southampton's academy, and multiple Premier League clubs have taken notice.
Liam Twomey of Goal.com reports Chelsea, Arsenal and Liverpool are all showing interest in the left-back, with hopes at landing him before his value rises in the coming years. It could make for an intriguing battle between the clubs.
Chelsea have an aging defensive group featuring players like Ashley Cole and John Terry, so looking toward the future of the back line would be a wise move. If they want Targett, however, it sounds like they better move quickly to land him.