Chelsea spent a whopping £220million during the summer transfer window but that has, so far, not had the desired effect.
In particular, Kai Havertz and Timo Werner, who joined the Blues for a combined fee of £117million, have yet to catch fire for Chelsea, as Frank Lampard’s side sit ninth in the Premier League.
But much of the talk this January transfer window has been about players leaving, rather than arriving.
Fikayo Tomori and Danny Drinkwater have left on loan, while Lucas Piazon and Charlie Brown have left on permanent deals.
But the Blues are continuously linked with West Ham United star Declan Rice, among others.
Here is a roundup of the latest Chelsea-related transfer rumours.
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Blues eye Dembele
Chelsea and Manchester United are reportedly keeping tabs on Ousmane Dembele after contract talks with him and Barcelona broke down.
The Frenchman was linked with a departure from Camp Nou last summer but ultimately stayed with the Spanish giants.
The 23-year-old has not lived up to the huge transfer fee (£135.5m) Barca paid for him back in 2017 from Borussia Dortmund.
And Spanish outlet Sport claims if they are unable to strike a new deal with Dembele, whose contract runs out in the summer of 2022, then Barca will look to sell him sooner rather than later.
It adds that the impact of the pandemic on Barca’s finances means they are not able to offer Dembele improved terms.
Juventus and Bayern Munich are also understood to be interested in him.
He has scored 25 goals in 93 games for the club.
Loan move blocked
Chelsea have reportedly rejected an approach from West Ham to sign defender Emerson on loan.
The Daily Mirror reports that the Blues want to hold onto the Italian, despite his limited game time this season.