It's particularly good news for the Blues after Arsene Wenger's side had supposedly stolen a march in pursuit of the 2014 World Cup winner, with the Daily Telegraph (h/t Sky Sports' Graeme Bailey) providing quotes from Jorg Neubauer:
We are not in talks with Arsenal. I don’t think a fee can have been agreed, otherwise I would have been told.
When a club have an interest I am sure they will call me and we will speak about things. The same goes for Chelsea. We are talking to Real Madrid about his contract, but nothing is close to being decided. Sami has just returned from the World Cup and has gone on holiday.
The Daily Mail's Simon Jones had reported that a £20-million move was supposedly agreed between Arsenal and Real Madrid, but Khedira's £180,000-a-week salary demands proved a substantial obstacle.
There's no way of ascertaining whether or not Jose Mourinho's side would be willing to stump up such wages for the anchoring midfielder, but, needless to say, the West Londoners' policy on such matters leaves them more equipped to comply.
Should it come down to a question of merely who's willing to pay the German international more, the Blues would assuredly hold an advantage.
Mourinho also has an edge in having already worked with Khedira from their time at the Bernabeu together, while Andre Schurrle, and to a lesser extent Marko Marin, may do their part in luring their compatriot to Stamford Bridge.
According to BBC pundit Robbie Savage, it's an essential race between the two in terms of next season's Premier League race, supposing that Arsenal would become fierce contenders should they succeed:
It's perhaps less of a necessity for Mourinho to add reinforcements in this part of his squad, however. Chelsea have already brought in Cesc Fabregas this summer, who will team up with Nemanja Matic, Ramires, Marco van Ginkel and possibly John Obi Mikel in midfield.
The Gunners, on the other hand, only have Aaron Ramsey, Mikel Arteta, Jack Wilshere, Tomas Rosicky and Mathieu Flamini in the middle of the park, none of whom are in their playing pomp.
With a year left on Khedira's contract, Real have a host of options ahead of them. Either they cash in now, succumb to any demands and extend his deal or persevere as things are and risk losing the player for nought next summer.
It's of course difficult to determine which of these avenues the club will take, but following Neubauer's claims, Chelsea can feel upbeat about their chances of adding another elite playmaker to their ranks this summer.