Chelsea have already completed the valuable signing of Cesc Fabregas during the summer transfer window, but they need to add some more recruits if they are going to seriously compete domestically and in Europe next season.
While Jose Mourinho's first season back in charge at Stamford Bridge saw them go close in the Premier League—they came in third—and reach the semi-finals of the Champions League, they fell away slightly at the term's end.
Added strength is needed for Chelsea to once again compete at the very highest level. Here is the latest news on a handful of the Blues' reported targets.
Luis Wants Bridge Switch
Atletico Madrid full-back Filipe Luis is reportedly eager to make a move to Stamford Bridge and has rejected a renewed contract offer from the La Liga champions, per David G. Medina of Marca:
The Atleti defender is set to continue his career at Chelsea, the club he has decided to join, as soon as the Londoners can reach a deal with Atlético to sign him. The La Liga champions insist that nobody is leaving the club without first paying their buy-out clause.
Filipe's buy-out clause stands at €24m, an amount that the London club appears unwilling to pay.
The 28-year-old has reportedly requested that Atletico lower his buyout clause so that he can make the move to West London, but negotiations seem to have stalled thus far.
While €24 million (£19 million) is a large amount of money to pay for a defender, the Blues certainly have the resources, having sold David Luiz to PSG for £50 million, per Simon Rice of The Independent.
The Brazilian left-back was part of La Liga's strongest defensive unit last season, and he is clearly desperate to make the move. He would provide an ideal replacement for the departed Ashley Cole to whom Chelsea bade farewell on Tuesday via their Twitter feed:
Blues in Yarmolenko Battle
The 24-year-old winger is much coveted across the Premier League, especially by Potters boss Mark Hughes, but Abramovich believes he can edge out the competition, according to Gary Jones of the Daily Star:
Potters boss Mark Hughes has stepped into the race and is willing to pay £12m.
The Ukraine international is ready for a switch to England and the Blues owner has moved to cut out the competition by sounding out Kiev over the details.
It's understood Yarmolenko would prefer a move to the Stamford Bridge outfit but wants regular football.
Yarmolenko's desire for regular football may cause Abramovich problems in his negotiations as Chelsea's squad depth is such that he would likely get many more games elsewhere.
Furthermore, Reds boss Brendan Rodgers could also be a competitor for Yarmolenko's signature as he is a long-term target of the Anfield outfit, which last year failed to sign the player for £23 million, via Jones' report.
Kiev are now reportedly asking for £15 million for the player, and there is no surprise concerning the clamour to snap him up as he has all the attributes of a top player, which Sky Sports highlights: "Powerful, pacey, skilful and with the ability to finish, it is clear to see why there is so much excitement about Yarmolenko."
Abramovich has a tough task on his hands, but he would do well to pursue his interest as Yarmolenko could add further dynamism to an already strong Chelsea attack.
Schwarzer Signs New Deal
One player who definitely will be at Stamford Bridge next year is Australian goalkeeper Mark Schwarzer, who has signed a new one-year contract, as the club's Twitter feed announced:
The 41-year-old impressed at the end of last season as he filled the shoes of first-choice shot-stopper Petr Cech, who was injured in the Champions League semi-final first leg against Atletico.
The return of top prospect Thibaut Courtois from a long-term loan spell at the La Liga champions will likely mean less playing time for Schwarzer, but he proved his worth as a backup last season.
As Fox Sports Australia's Daniel Garb predicted last month, Schwarzer's new deal could potentially spell the end for Cech at Chelsea:
The 22-year-old Courtois looks like a high-quality No. 1 at Chelsea for the foreseeable future, and Cech will not wish to play second fiddle.
At only 32, he still has many years left in his career, and he would be a fantastic first-choice keeper for almost any other club in Europe.