Chelsea Transfer News and Rumours Tracker: Week of March 17
Chelsea are still chasing two major trophies this season, but Jose Mourinho will be keeping one eye on the transfer market ahead of the summer window.
With a full squad out on loan and several key players coming to the end of their contracts, let's take a look at the latest ins and outs rumoured at Stamford Bridge.
---UPDATED FRIDAY MARCH 21---
Fernando Torres Set for Atletico Madrid Return
Chelsea's record £50 million signing could be returning to the club where he began his career, according to Sky Sports. Torres has been linked with a move to Atletico Madrid, and he would be "receptive" to working under Diego Simeone. While the Blues are likely to take a big hit on their investment, there is a chance that El Nino could be used as a makeweight in a deal for £32 million-rated striker Diego Costa.
Inter Milan Chasing Fernando Torres
Chelsea to Sign Southampton Starlet Sam Gallagher in Summer
Eden Hazard Offered Improved Contract
Chelsea to Challenge Liverpool for Hoffenheim Midfielder
Didier Drogba Back on a Free Transfer
Martin Lipton at The Mirror has reported that Didier Drogba could be on his way back to Stamford Bridge this summer. According to the report, Jose Mourinho rates Didier Drogba above the three strikers currently available to him, and would be open to signing him on a free transfer to help Chelsea's Financial Fair Play compliance.
Frank Lampard to LA Galaxy
According to the report, LA Galaxy are prepared to offer the midfielder a £4 million-a-year deal to tempt him to see out his career in the States.
Ashley Cole to Real Madrid
Cole has seen his playing time severely limited, with Cesar Azpilicueta continuing to impress at left-back.
The Englishman would be reunited with former Blues boss Carlo Ancelotti at the Bernebau.