Chelsea will soon discover whether they have snapped up arguably the hottest property of this summer's transfer market, Eden Hazard.

The Lille star has long-courted interest from a number of the Premier League's big guns, most notably Manchester United and Manchester City. But Chelsea now appear favorites to land the 21-year-old, according to the Telegraph.

And Hazard's agent, John Bico, has said that deals have been reached with all three clubs with a decision to be taken shortly.

We are no longer in the negotiations stage, Bico said. We have reached agreement with all parties. There will be no higher bid.

Eden has already said he wants it to be fixed before June 2. He will decide after the Red Devils' (Belgium) games against Montenegro and England; then go on holiday with peace of mind.

Chelsea has emerged as Hazard's likeliest destination after both City and United have balked over the attacking midfielder's reported demands for £200,000-a-week. The Blues' Champions League victory could also be an influential factor.

But even if Hazard signs, that will be far from the end of Chelsea's dealings this summer.

Porto's powerful forward Hulk continues to be linked with a move to Stamford Bridge, with the player's agent claiming that the Brazilian would welcome the move.

We are open to talks with Chelsea at any time, any place, said Teodoro Fonseca, according to the Daily Mail.

There is interest, but at the moment there is still nothing concrete. He likes the English Premier League a lot and Chelsea are a good club for Hulk.

The Mail also reports that Chelsea will look to play Hulk in tandem with his former Porto teammate Falcao next season. But the lethal Atletico Madrid striker is far from the only name being linked as a replacement for Didier Drogba, who yesterday confirmed he would be leaving the club this summer.

The two other main contenders to fill the enormous void left by the Ivorian appear to be Edinson Cavani and Gonzalo Higuain, according to the Mirror.

Chelsea's move for Higuain looks doubtful, though, with the Argentine reportedly set to remain with Real Madrid. AS reports on Wednesday that Real boss Joe Mourinho held a meeting with Higuain's father after which the player is said to have been convinced to remain at the Bernabeu.

Similar talks are also set to take place on Thursday to decide Cavani's future at Napoli. TuttoMercatoWeb reports that the Uruguayan's representatives will meet with the Partenopei hierarchy to discuss the offers on the table for the 25-year-old.

After failing to qualify for the Champions League, Napoli may struggle to resist advances for a player regarded as one of the hottest strikers in the world right now.

Also linked as a target to fill Drogba's boots, in what seems an unlikely move, is Luuk de Jong. Reports from German newspaper Bild claims that Borussia Dortmund has entered the race to sign the FC Twente striker, who is also said to be interesting Chelsea as well as Premier League rivals Liverpool.

Despite an impressive 25 goals in 24 Eredivisie games this season, it would be a significant risk to ask De Jong to make the step up in class and have an immediate impact at Stamford Bridge.

Finally, with Roman Abramovich also known to want to improve the flow of players coming through the ranks at Cobham, it has been reported that Chelsea are closing in on the signing of 12-year-old Spanish striker Jose Carlos, according to Tribal Football.

Currently in Malaga's youth set-up, Chelsea has reportedly persuaded the youngster's family to relocate to West London.