Chelsea are attempting to sign Barcelona's Cesc Fabregas in a deal which would deny the Blues' Premier League rivals Arsenal from receiving any payoff for their former player.
The Gunners have first refusal on the Spaniard but seem not to have taken the chance to bring Fabregas back to North London.
However, they are reportedly entitled to 50 percent of any profit the Catalan club make on the 27-year-old, per Matt Law of The Telegraph.
Chelsea are attempting to structure a deal that would prevent the Emirates outfit from receiving any money at all from the fee they pay for Fabregas.
Barca are prepared to let Fabregas go for £30 million after deeming him surplus to requirements at the Camp Nou, per a separate report from Law:
However, the Blues are looking to snap him up for £27 million to deny Arsenal any cash after the Gunners received approximately £28 million for Fabregas in the deal that took him to Spain in 2011.
Tancredi Palmeri of beIN Sports reports that the Catalan giants are considering accepting the slightly reduced offer from Chelsea:
The Blues certainly seem to be in advanced talks to bring in Fabregas, with boss Jose Mourinho admitting his interest last week, per Eurosport:
I have interest in analysing the situation. I think maybe I shouldn't have said that because he is not my player so it is not my problem but it looks like he [Fabregas] is really interested in leaving Barcelona and he is very, very interested in moving back to England. This I think is clear.
Fabregas is currently with the Spain squad ahead of the start of the World Cup in Brazil on Thursday and took part in their final warm-up game on Saturday against El Salvador.
The 2-0 victory at FedExField in Maryland included a poor penalty miss from Fabregas:
However, the miss aside, the former Gunner is a star player and could add genuine quality and creativity to Chelsea's squad as they look to contend both domestically and in Europe next season.
With fellow Spaniard Diego Costa also a Chelsea target, Fabregas could flourish at Stamford Bridge and potentially pick up that Premier League medal that eluded him at Arsenal.
If Chelsea can snap up Fabregas for £27 million and deny Arsenal any money in the process, they will have bagged a relative bargain in the transfer window.