The news yesterday that Chelsea have agreed a fee for Brazilian starlet Oscar, may have led many to assume that Roman Abramovich's check book would be given the opportunity to gather a little dust. Instead, Chelsea's spending bonanza looks set to continue.
The Daily Telegraph's well-informed reporter Jason Burt reports that Chelsea are still desperate to land versatile forward Andre Schurrle. According to Burt, the Blues have already had a £17 million offer rejected by Bayer Leverkusen, but will return with a bid of £20 million.
Though Leverkusen have stated their determination to hold onto the 21-year-old Germany international, they may find the latest offer too good to refuse.
Though Schurrle can operate anywhere along the front line, he has spent most of his time on the left. It was in that position that he operated in his only start of Euro 2012 during Germany's quarterfinal with Greece.
If Schurrle and Oscar do arrive, it would raise massive questions as to how coach Roberto Di Matteo will fit all the attacking talent in his side. With Eden Hazard and Marko Marin already having joined the squad it would mean the Blues had signed four players who would realistically be competing for three positions behind a central striker. Not to mention the existing players in Chelsea's ranks, such as Juan Mata and Daniel Sturridge.
There is little surprise then that Sturridge has been linked with a move away from Stamford Bridge. After becoming a regular under Andre Villas-Boas, Sturridge barely featured once Roberto Di Matteo took the helm. Chelsea are said to be open to offers for the 22-year-old England international, with Tottenham and Arsenal both linked to a move.
Sturridge's place in the Team GB squad for the London Olympics is currently in jeopardy as he recovers from viral meningitis.
The attacker's Chelsea future would be further jeopardized if the Blues' interest in Brazil forward Hulk finally results in a deal going through. Chelsea have been chasing the 25-year-old international for several months, but have been left frustrated by Porto's staunch stand on what the Blues view as an extortionate asking price.
Hulk has confirmed that no deal has yet been done.
I have done nothing with Chelsea or any other club, Hulk said, according to Sky Sports.
I have four more years on my contract with Porto and I'm focusing on the national team.
I haven't talked to anyone. As everyone knows, I don't follow negotiations closely as that will make me lose my focus. I let my agent deal with that stuff.
Chelsea could still be in the running for long-standing target Luka Modric. It has been widely reported that Real Madrid are front-runners for the Croatian playmaker's signature, but new Tottenham boss Andre Villas-Boas has suggested that there are a number of clubs still in the frame to secure the coveted 26-year-old.
The interest that we have from various different clubs shows the importance of the player and what he has done for Tottenham, former Chelsea manager Villas-Boas said told Sky Sports News.
I think it is fair to say we respect Luka's ambitions and his willingness to move on, and I think Luka respects as well that he is an important player for the club who can help us move forward.
I think ongoing discussions with these various clubs will continue until we reach an agreement which is sensible for each party.