Chelsea may have spent around £80 million this summer, but the club may not yet be done with their recruitment drive this season. While Chelsea's transfer activity largely focused on adding creativity, no replacement was signed for Didier Drogba, leaving Fernando Torres and Daniel Sturridge as the only established strikers in Roberto Di Matteo's squad.
Ever since Radamel Falcao destroyed Chelsea in the Uefa Super Cup with a stunning first-half hat-trick on Friday, speculation has soared that the Colombian will be the subject of a big-money offer from the Blues.
Reports in Colombia even suggested that an agreement had already been reached for the prolific Atletico Madrid forward to join Chelsea in the new year.
"Yes, it's very likely," Falcao's father was quoted as saying in the Colombian media in response to the speculation.
"There are three teams interested--Manchester City, Chelsea and a Russian team.
"Falcao has always wanted to play in the Premier League. Ever since he was a boy he has loved Chelsea and has always thought it would be an honor to play for a big Premier League team."
He went onto add that "I don't want to talk about pre-agreements."
The 26-year-old has a €55 million (£43.5m) release clause in his contract and Chelsea may have to pay that amount in full, given Falcao's reputation as one of the leading strikers in the world.
Chelsea were believed to have pursued several forward options this summer in addition to Falcao, including Napoli's Edinson Cavani and Fiorentina's Stevan Jovetic.
The Montenegrin has revealed that offers were made for him during the summer, but that he is currently happy in Florence.
"I received important offers in the summer and I thought about what to do but the club promised me that they would build a great team, and that has happened," Jovetic said, according to Sky Sports. "So many good players have arrived and we can do much better than last season.
"I decided to stay at Fiorentina and I am very happy. I want to try and win something here.
"My agent did not put any pressure on me. He did his job by telling me about the offers that were coming in, but in the end I decided to stay at Fiorentina."
While the transfer window is closed in England it remains open in other parts of the world, meaning that Florent Malouda could still exit Stamford Bridge in the near future. The 32-year-old has failed to feature for Chelsea this season amid speculation linking him with moves back to France as well as Brazil.
On Tuesday Chelsea submitted their 22-man Champions League squad, with the France international a notable absentee. The Daily Mail is one of a number of sources to claim that Malouda is now close to a departure.
One midfielder that has left the club is Raul Meireles. The Portugal international joined Turkish giants Fenerbahce for £8 million on Monday. The 29-year-old only arrived from Liverpool last summer and started 38 games for the Blues, scoring on six occasions.