Luka Modric or David Villa could become the newest members of Chelsea.
New boss Andre Villas-Boas enters his first offseason with a £100m transfer budget, and will surely bring in some big names to challenge Manchester United for the Premier League Crown.
Here are seven recent transfer rumours surrounding Stamford Bridge.
As Milan Vice President Adriano Galliani told the Corriere dello Sport, “[Milan] are covered in attack and hence, Drogba will not arrive.”
Drogba was rumoured to be a potential replacement for Antonio Cassano, who is leaving for Fiorentina this offseason.
The Ivory Coast international probably has his bags packed already, as the Blues have brought in Fernando Torres and are aggressively bidding for Luka Modric.
Dutch international Eljero Elia has emerged as one of Chelsea's targets.
Liverpool, once a suitor, have lost interest after signing Jordan Henderson. Chelsea now are the only English side pursuing Elia.
Hamburg have divulged that they have received no bids from any team, including Chelsea, for the 24-year-old winger, and plan for him to remain with the club for the foreseeable future.
Andre Villa-Boas will likely pursue Neymar, the newest star to emerge from Brazil.
Villa-Boas will not be alone—every other major European club has the 19-year-old budding superstar on their radar.
With that in mind, Santos, Neymar's current Brazilian club, has slapped a ludicrously high £40m tag on their playmaker.
The Blues will not pay a king's ransom for such an unproven player, but they will certainly make a move if Santos can be convinced to lower their demands.
Chelsea's newly appointed manager Andre Villas-Boas reportedly wants to bring Porto's star striker Falcao with him to Chelsea.
The Columbian forward has a £26m buyout clause in his contract, but the Blues are attempting to negotiate a lower price.
Falcao scored 38 goals in 42 total appearances for Porto last season.
Goal.com reports that Chelsea are closing in on a £22m deal that would bring Romelu Lukaku to Stamford Bridge.
The 18-year-old Belgian prodigy has been a Chelsea target for two years now, and appears finally poised to make the jump to the Premier League.
Chelsea had been waiting to appoint a new manager before completing the deal. With Villas-Boas now in place, the sale will presumably be completed shortly.
Luka Modric has admitted he would like a move from Tottenham, and has his sights set on Chelsea as his next destination.
The Blues will have to submit a bid of around £30m to persuade the Spurs to part with the Croatian striker—an increase of £8m from their previous offer.
Man-U and Man City have not entered bids because Modric has stated a desire to remain in London.
Modric played a huge role in Tottenham's success last year, but wants to play for a team regularly competing for both Premier League and Champions League titles.
The Blues have discussed the possibility of including Didier Drogba as a makeweight to sweeten the deal for Tottenham. Chelsea would love to acquire Modric and dump Drogba in one fell swoop.
Barcelona have decided to sell David Villa in an attempt to raise money for a £91m triple summer swoop for Arsenal captain Cesc Fabregas, Udinese winger Alexis Sanchez and Villarreal striker Giuseppe Rossi.
Manchester City will be Chelsea's chief competitor for Villa's services.
David Villa is one of the most dangerous players in the world. He and Spanish teammate Fernando Torres would be a fearsome combination up top for Chelsea.