Arsenal striker Emmanuel Adebayor and Russian international Yuri Zhirkov head a £50m hitlist of summer transfer targets being considered by Chelsea as part of the deal to bring Carlo Ancelotti to the club as their new manager.
An agreement has now been reached with the AC Milan coach, who is understood to have finally made a commitment to leave the San Siro and join Chelsea on a three-year contract.
As part of the negotiations the Italian has been promised the funds to land four high-profile players. The spending spree will, also, reaffirm Roman Abramovich’s commitment.
Ancelotti is a long-term admirer of Adebayor, valued at more than £20m, whom he tried to sign for Milan last year before the Togolese striker agreed a new deal at Arsenal.
Zhirkov, the £15m-rated left-sided player, has been tracked by Chelsea, while interim manager, Guus Hiddink, has also recommended the 25-year-old.
Chelsea are also aware that Carlos Tevez has yet to agree a deal to remain at Manchester United, and with his two-year loan arrangement due to expire at the end of this season they are free to open negotiations. Tevez is believed to be resigned to leaving.
Chelsea will also conduct a clear-out in the overhaul that they want Ancelotti to oversee. Among those under scrutiny are French internationals Florent Malouda and Nicolas Anelka, along with Deco.
Milan are resigned to the fact that Ancelotti will finally leave and have already started the process of finding his replacement.