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According to Spanish news outlet OK Diario, Atletico Madrid manager Diego Simeone has agreed a deal to take charge at Chelsea at the end of the season.
The Argentine will reportedly see his salary almost double to £9.2million a season and is thought to have already informed Atletico of his decision.
Chelsea have been without a permanent boss since December, when the Premier League champions replaced Jose Mourinho with interim manager Guus Hiddink.
Chelsea's hottest wags
Sun, January 10, 2016
Express Sport have compiled a collection of all the best pics of Chelsea's Glamorous Argentinean singer Lorelei Taron is married to a Manchester United flop at Stamford Bridge [Instagram]
Lorelei Taron is married to Radamel
This bikini babe was reportedly seeing a Chelsea bad boy [Instagram]
Costa's ex-girlfriend Michele Zuanne claims he cheated on her.
Costa's ex-girlfriend Michele Zuanne claims he cheated on her with her sister
Lorelei Taron is married to a Manchester United flop at Stamford Bridge Lorelei Taron is married to Radamel Falcao This bikini clad wag is the wife of a Chelsea leader John Terry is married to wife Toni This wag is married to a Brazilian winger at Chelsea Vanessa Martins This wag's husband is very much a family man Oscar is married to Ludmila Emboaba Aleksandra Pavic is married to a Blues midfielder Nemanja Matic is married to Aleksandra Pavic This bikini babe was reportedly seeing a Chelsea bad boy Costa's ex-girlfriend Michele Zuanne claims he cheated on her with her sister Daniella Semaan is married for a former Arsenal man Cesc Fabregas is seeing Daniella Semaan
Meanwhile, Spanish website Fichajes claim the Blues have opened talks with AC Milan over a summer move for 16-year-old goalkeeper Gianluigi Donnarumma.
Italian publication Mediaset Premium report Manchester United are also interested in the young shot-stopper, with his agent already claiming he's worth £131m.
Mino Raiola said of Donnarumma: "He's worth €170m (£131m). He has a great future. He's an extraordinary kid and everyone loves him."
Diego Simeone has reportedly agreed a deal to join Chelsea
Chelsea are reportedly in talks with AC Milan for Gianluigi Donnarumma
And finally, Chelsea have reportedly set their sights on Napoli striker Gonzalo Higuain as a potential replacement for Diego Costa.
Costa has been linked with a return to Atletico ahead of the summer window as Chelsea look set to miss out on a Champions League spot next season.
And the Daily Mirror claim the Blues are keen to bring Higuain, 28, to Stamford Bridge as the 27-year-old's successor and are prepared to spend £40m to land him.
