According to reports Carlo Ancelotti hopes to lure a trio of highly-rated youngsters to Stamford Bridge, with Belgian prodigy Romelu Lukaku, Ajax defender Gregory van der Wiel and Slovakia capatin Marek Hamsik top of his wish-list.
All three players could cost in excess of £60m but owner Roman Abramovich wants to spend now before UEFA'S financial fair play rules come into play.
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One club that didn't spend a penny in January were Arsenal but that looks set to change when the window opens again in June.
Arsene Wenger is determined to bring Lille's Eden Hazard to the Emirates and would like to conclude a deal before the summer in order to avoid a bidding war with the likes of Chelsea, Manchester United and Real Madrid.
The Frenchman has already admitted his interest in the attacking midfielder, who could cost up to £20m.
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Liverpool will look to improve their wide options by raiding Werder Bremen for Marko Marin in the summer. Tottenham, Arsenal and Manchester United are also interested.
Manchester City will attempt to sign Aston Villa's Ashley Young for next season after failing with a last minute enquiry on deadline day.
Arsenal will continue their policy of signing talented youngsters with a move for PSG central defender Mamadou Sakho.
Source: DSG
