Chelsea are yet to open their cheque book this month despite having their transfer ban lifted.
Frank Lampard remains hopeful of adding to his squad despite there being only a week left of the January transfer window.
Edinson Cavani has emerged as a top striker target, with competition for Tammy Abraham at the top of Chelsea's shopping list.
There could be outgoing too, with Olivier Giroud hoping to join Victor Moses at Inter Milan before the deadline.
With FA Cup action against Hull City taking centre stage after the midweek Premier League draw with Arsenal, there could yet be movement before the Blues' next league match against Leicester City.
Here, we round-up the day's latest Chelsea transfer news.
Madrid set Isco price
Real Madrid have named their price for Isco amid interest from Chelsea and Liverpool.
Initial reports had suggested that the La Liga giants were wanting a fee of £47million for the Spaniard.
However, Spanish outlet El Desmarque have reported that La Liga challengers Real have upped the price tag on the player to £58million to ward off interest.
Isco has won one league title and four Champions League titles during his time at Real Madrid but has only made 11 La Liga appearance this term.
Leipzig chase Christensen
Red Bull Leipzig have take an interest in Chelsea defender Andreas Christensen.
The Danish defender has struggled for game time under Frank Lampard but has played the last three matches for the Blues, taking his tally to 15 appearances for the season.
According to German magazine Bild, RB Leipzig are interested in signing the 23-year-old defender who is currently valued at €30 million by the Bundesliga side.
However, at the age of 23, it would take an extraordinary bid for Chelsea to consider selling him.
Chelsea miss out on Olmo
Chelsea and Wolves look set to miss out on Dinamo Zagreb midfielder Dani Olmo.
Having impressed in Croatia and with the Spain Under-21s, Almo has acquired interest from several Premier League and European clubs.
However, Diario AS claims that RB Leipzig are likely to win the race for the playmaker in the coming days after agreeing a rumoured £38million fee.
AC Milan and former club Barcelona have also been credited with an interest in the 21-year-old.
