Frank Lampard has been backed by the bookies to add Ben Chilwell and Jadon Sancho to his squad in 2020.
Chelsea will be free to sign and register new players in January after their appeal against a two transfer window ban was reduced to one.
Having already served that punishment in the summer, the Blues can once again enter the market to improve their team and aim for the biggest prizes in the game.
Fans have told football.london that they want to see the club sign a left-back and right winger as a priority, with .
According to SportNation.bet the betting markets also believe that Chelsea are in the running to capture the Leicester City defender and Borussia Dortmund ace.
Both players have risen up the ranks to become members of Gareth Southgate's England team in recent months and are expected to dominate their positions in the future.
"Lampard could go all out in January now the Blues transfer ban has been lifted and it looks like he could show his faith in the Three Lions youth with Chilwell and Sancho favourites for a move to West London," claimed an analyst from SportNation.bet.
Other names listed as potential signings include ex-Celtic and Fulham striker Moussa Dembele, now at Lyon, and former Chelsea defender Nathan Ake.
Valencia left-back Jose Gaya is another name that may be familiar to Blues fans alongside Bayer Leverkusen's Kai Havertz, RB Leipzig's Timo Werner and Crystal Palace talisman Wilfried Zaha.
Chelsea January transfer odds
Ben Chilwell: 6/1
Jadon Sancho: 9/1
Moussa Dembele: 9/1
Nathan Ake: 11/1
Jose Gaya: 14/1
Kai Havertz: 14/1
Timo Werner: 16/1
Wilfried Zaha: 16/1
Erling Haaland: 25/1
Harry Kane: 100/1
Chelsea have been praised for making the most of their transfer ban in the summer by promoting a number of academy graduates to the first team.
Fikayo Tomori, Mason Mount and Tammy Abraham have all been key players while Reece James has taken his chances at right-back.
Callum Hudson-Odoi is expected to play a bigger part in Lampard's first season as manager once he is back to full fitness after recovering from injury.
The wait continues to see if Ruben Loftus-Cheek can get himself in the right condition to play a part in the campaign after suffering another set-back.
