Chelsea are ready to fork out a huge fee for AC Milan defender Alessio Romagnoli, according toThe Sun.
The Blues are said to have had a £35m offer for the 21-year-old rebuffed in the summer.
But Antonio Conte will reportedly return with an improved £49m bid in January.
The Italian is keen to bolster his defensive options in west London, despite bringing David Luiz back to the Blues in a shock move on transfer deadline day.
Arsenal have seemingly been dealt a boost in their pursuit of Roma defender Kostas Manolas.
Calcio Mercato claim the 25-year-old has hit a brick wall in contract negotiations with his current employers.
Manolas has reportedly been earmarked as a potential replacement for Per Mertesacker at the Emirates.
But Arsene Wenger could face stiff competition in the shape of Barcelona for his signature.
Meanwhile Emmanuel Petit has revealed he turned down the chance to sign for Manchester United before deciding to join Chelsea from Barcelona in 2001.
Speaking to SFR Sport, the former Arsenal midfielder said: “That’s when Sir Alex Ferguson called me, twice, Arsène called me as well.
“Claudio Ranieri actually came to see me, and ate with me at my house. I was charmed by him, what he had to say, and that’s why I wanted to sign for Chelsea.
“Remember, at the time, there was Giggs, Scholes, Roy Keane, Teddy Sheringham, Beckham… They had an incredible team. Stam at centre-back. Schmeichel in goal.”