Chelsea will be looking to make various changes in the summer transfer window, with a world-class striker top of Jose Mourinho's wish list.
The West London outfit have been heavily linked with Atletico Madrid's Diego Costa throughout this season, while out-of-favour left-back Ashley Cole has been rumoured to be leaving the club.
Meanwhile, Mourinho will look to strengthen in the centre of midfield, with Juventus' Paul Pogba reportedly of interest to Chelsea.
Let's take a look at the latest news on potential Chelsea transfers.
The Atletico striker gave a potential indication of his desire to move to Chelsea when he waved to the Blues fans who had been held back in the Vicente Calderon after the two clubs played out a goalless draw in their Champions League semi-final first leg on Tuesday.
As reported by Graeme Yorke in the Daily Mail:
After the final whistle the Chelsea fans were held back in the stadium and some of the players then walked out in front.
As Costa strolled past the away end the Chelsea fans started to sing: 'Diego Costa, we'll see you next year.'
The Atletico striker waved back and applauded the song. A telling moment in Mourinho's second reign? And in the career of Fernando Torres?
The mention of Torres is a reference to the idea that the Spaniard may be used in a swap deal to bring the 25-year-old to Stamford Bridge.
Torres is an Atletico legend having played at the club until 2007, and manager Diego Simeone said of the 30-year-old before Tuesday's game, as reported by the Daily Mail's Matt Barlow:
He is a lad who will belong to Atletico no matter where he is playing.
He has great memories and loves this club, and the people of this club. Before kick-off and after the game he will have the ovation he deserves, because this is his home and he is one of us.
With Torres seemingly out of favour under Mourinho and Costa likely to cost Chelsea £50 million, per John Cross in the Mirror, a swap deal seems like an obvious solution to offset some of the Blues' expenditure.
Costa would bring some much-needed firepower for Chelsea, having bagged 27 goals from 32 appearances in La Liga this season for table-topping Atletico, with Torres' league tally a lowly four goals from 25 showings, per Squawka.
Despite starting on Tuesday night against Atletico, the veteran Chelsea defender has played very little football this season, as indicated by the Press Association's Matt McGeehan:
Ashley Cole has played just 13 mins since Jan (http://t.co/Gc5zke6lJW) but starts in CL semi-final first leg for Chelsea— Matt McGeehan (@mattmcgeehan) April 22, 2014
The Chelsea veteran is a free agent at the end of the season and the Spanish club are ready to give him a one-year deal worth £3.5million.
He is aware of the interest, and his representatives are free to discuss terms and sign pre-contracts with foreign clubs.
Cesar Azpilicueta has been preferred at left-back by Mourinho this season, and Cole's opportunity arose on Tuesday as Branislav Ivanovic's suspension meant the Spaniard had to switch to the right flank.
However, it is unlikely that Cole will be able to reclaim a starting spot in the Chelsea line-up despite impressing the manager in Madrid, per The Guardian's Daniel Taylor:
Mourinho full of praise for "amazing" Ashley Cole and impressed with Schwarzer. "Schwarzer showed we can trust him."— Daniel Taylor (@DTguardian) April 22, 2014
If Cross' reports are true, it would be highly likely that Cole would take advantage of a late-career pay package and move to the Bernabeu, especially as former Chelsea boss Carlo Ancelotti is now the man in charge of Madrid.
Another Chelsea veteran who is nearing the end of his career is Frank Lampard, and Juventus' Pogba may provide the perfect replacement for the 35-year-old.
Recent reports suggest that the 21-year-old Frenchman has yet to commit his future to the Turin outfit, which could give Chelsea hope of signing the young midfielder.
As reported by John Drayton in the Daily Mail, Pogba has yet to sign a contract extension at Juventus:
So far I have not spoken to anyone about the contract renewal with the club nor the future on the market.
I am focused on the field, I am thinking only about this season and winning a Scudetto which for the club would be historic. [...]
I just have to repeat myself. Of course I am happy that many big clubs are interested, but the mind is focused on my present work, and that’s it. It is Juve today.
Pogba is one of the brightest young talents in Europe with seven goals and six assists in 32 appearances in Serie A this season, per WhoScored.com.
He would fit well into the Chelsea setup, as he exhibits much of the same attacking prowess as Lampard in the middle of the park and would strengthen the team further for the 2014-15 season.
While the England international will likely stay at the club for another season, there has been talk of him going to the U.S. to play in MLS, as reported by Squawka's Sam Parker back in March.
Either way, Lampard is nearing the end of the road in his career and a long-term back-up is needed if Chelsea's squad is to continue to improve.