Borini, 19, has been frozen out by Chelsea since contract talks stalled in the summer. He has been in brilliant form for the reserves without getting a chance in the first team this term.
Frozen out: Fabio Borini is a target for a number of clubs in Italy
Lazio, Parma and Juventus are all tracking him, aware they could sign the Italy U21 international for a nominal fee.
Chelsea, ironically, have been scouting in Italy for an attacking midfielder and centre half and have been encouraged to make a bid for Lazio's Italy midfielder Cristian Ledesma. However, Lazio's £15m valuation may be prohibitive for a 28-year-old. A deal involving Borini as makeweight could come into play.
The Blues, meanwhile, are also looking at NK Maribor defender Sinisa Andjelkovic, 24.
Chelsea contract rebel Borini tipped for return to Italy with Lazio or JuventusChelsea starlet Borini frozen out by ruthless Ancelotti after contract snubAncelotti set for the winter Blues as Chelsea's problems mount up CHELSEA FC