Christmas is upon us, yet it's not the sound of sleigh bells we can hear coming over the horizon.
No, it's the transfer rumor mill making all the noise right now as it spins into action with the winter transfer window just a few short weeks away from opening.
Traditionally, it's not often the big guns across the continent make too many marquee signings, although Chelsea have been known themselves to splash the cash.
Nicolas Anelka was a £15 million arrival from Bolton Wanderers in January 2008, while three years later the Blues broke the British transfer record when they prised Fernando Torres away from Liverpool for £50 million.
Whether Roman Abramovich is as generous with wealth this coming January remains to be seen, but Chelsea are nevertheless being linked with a number of new arrivals to bolster their ranks in the second part of the season.
Bleacher Report takes a look at some of the biggest rumors doing the rounds in recent weeks, including Radamel Falcao's potential arrival from Monaco for £80 million.
It's been barely six months since Falcao joined Monaco from Atletico Madrid, but it hasn't stopped him being linked heavily with a move to Chelsea.
According to the Guardian, Chelsea are willing to bid £80 million for the Colombian, who is reportedly unhappy with life in Ligue 1.
The potential move will involve Falcao moving to Stamford Bridge in loan for the remainder of the season, with Chelsea expected to pay £80 million comes the summer.
Either Fernando Torres or Demba Ba will move in the other direction, also.
Daily Star has set the figure for Falcao closer to £60 million, however.
If quotes from Monaco vice-president Vadim Vasilyev are to be taken seriously, Falcao isn't interested in leaving the club.
"He is very happy here, he feels very good in Monaco," Vasilyev told Sky Sports. "He loves this club."
He's not been getting many opportunities in the Chelsea first-team of late, so it's no surprise David Luiz is being linked with a move to Barcelona once more.
It was a theme for much of the summer that Luiz could be set for a move to the Nou Camp and now Daily Star is suggesting a potential transfer is back on.
If that's the case, Chelsea will move for Real Madrid's Sergio Ramos who spent three years under Jose Mourinho during the Portuguese's tenure as manager at the Bernabeu.
The Mirror also suggests Luiz will be allowed to depart in January, adding weight to a potential move for Ramos.
Not all transfer rumors are about players moving clubs. Some can be about those resisting the lure of lucrative contracts, of which Juventus' Paul Pogba appears to be one.
According to Metro, the French ace will be signing a new contract with the Old Lady before the winter transfer window is out, ending speculation of a potential move to Chelsea.
The ex-Manchester United midfielder has also garnered interest from Arsenal and Real Madrid, but for now it seems it is a swift 'non' to leaving Serie A.
Sticking with Serie A, Jose Mourinho is apparently ready to raid his former club Inter Milan for some of their talent.
According to Give Me Sport, Moruinho is preparing to bid for up to three Nerazzurri players, with Andrea Ranocchia, Fredy Guarin and Mateo Kovacic on his radar.
Ranocchia is a defender, while Guarin and Kovacic are both midfielders.
Reportedly a long-term target for Jose Mourinho and Chelsea, Real Madrid's Sami Khedira is reportedly ready to sign an extension to his existing contract at the Bernabeu.
Khedira, who is currently out injured with a serious knee injury picked up on international duty with Germany last month, has 18 months left on his remaining deal that expires in 2015.
talkSPORT is reporting Carlo Ancelotti is eager to get him to sign an extension to stave off interest from Chelsea and other potential suitors.
If the German agrees to put pen to paper, it will mean Mourinho having to turn his attentions for a defensive midfielder elsewhere.