Manchester are close to agreeing the £70million sale of Julian Alvarez to Atletico Madrid.
The move will pave the way for Atletico to sell striker Samu Omorodion to Chelsea for around £35m in a deal separate to Conor Gallagher's £33.7m sale.
Gallagher is due in Madrid on Tuesday to sign a five year contract with Atletico after accepting the move on Monday morning.
Chelsea are trying to add Napoli’s Victor Osimhen too while young defender Alfie Gilchrist is heading to Sheffield United on loan.
Chelsea are also closing on Gremio midfielder Gabriel Mec, 16, for £20m.
Enzo Maresca and Chelsea are looking to bring in three more players this summer
Conor Gallagher is due in Madrid on Tuesday to sign a five year contract with Atletico
The Blues have held talks with Atletico over a potential move for Omorodion as they look to add to Enzo Maresca's attacking options.
Omorodion is part of Spain's squad at the Olympics and found the net against Egypt in the group stages.
AC Milan, Roma, Napoli, Nottingham Forest and West Ham are amongst the other clubs that are interested in the forward.
Omorodion joined Atletico in August 2023 as he signed a five-year contract.
He was subsequently sent on loan to Granada, for whom he scored eight goals in 34 LaLiga games.
The Blues are closing in on the signing of Atletico forward Samu Omorodion for £25m
Chelsea informed Gallagher that it was best for the academy product to move on, with the midfielder set to sign a five-year contract with Atletico.
Gallagher had been open to staying at Chelsea but wanted a longer-term deal than the offer he received of a two year deal with an option of another year.
The London club have also been in talks with Napoli over a deal which could see the Blues sign forward Victor Osimhen, while Romelu Lukaku could join the Serie A side.
The Blues have been heavily linked with a move for Osimhen in recent seasons, with the Nigerian international having starred in Italy.
Chelsea have also been keen to offload Lukaku on a permanent basis having loaned the Belgian out for the past two seasons.
Osimhen has made a huge impact at Napoli since joining in a reported club record £80m move from Lille in 2020.
The forward has scored 76 goals in 133 appearances for the club and played a key role in their Serie A title win in the 2022-23 season.
Osimhen had signed a new contract in December, extending his Napoli deal until 2026.
The deal saw Osimhen secure a major pay rise, while his release clause reportedly increased to €130m (£113m).