Chelsea splashed the cash last summer when they brought in the likes of Kai Havertz, Ben Chilwell and Timo Werner.
But it has not gone entirely to plan in the Premier League with Frank Lampard getting the sack.
Form has picked up with Thomas Tuchel in charge and they are gunning down a top four spot and a Champions League trophy.
The German has several players in mind going into the transfer window this summer with defenders and attackers being looked at while one man has got to start taking his chances.
Here are the latest transfer rumours surrounding Chelsea.
Chelsea are ready to battle Paris Saint-Germain for the signing of Paulo Dybala this summer, according to reports in Italy.
Mauricio Pochettino wants to bring the Argentine to the Parc des Princes and is prepared to give Mauro Icardi in return.
But the Blues are ready to muscle in on a deal and swap one of their own players as well.
According to Tuttosport, via Top Mercato, one of Jorginho or Emerson Palmieri could be used in a transfer that would see Dybala move to Stamford Bridge.
The former Palermo star has been linked with a Premier League switch for a number of years with Manchester United and Tottenham also linked.
But with Chelsea in need of a striker, Tuchel is prepared to land the 27-year-old ahead of his rivals.
Real Madrid have made Jules Kounde one of their top transfer targets going into the summer, according to reports in Spain.
That will come as an earth shattering blow to Chelsea, who have also eyed the Sevilla star.
The Frenchman has a £68m release clause and Zinedine Zidane is keen to bring him in if Raphael Varane leaves, report Marca, via the Express.
Manchester United have been linked with the Madrid defender, whose contract expires in June 2022.
Kounde has been a standout star in La Liga the past two seasons and has led to strong interest in his services.
Chelsea are desperate to bolster their defence and see the 22-year-old as the answer at the back.
Werner 'running out of time'
Chelsea striker Werner must start doing more to impress Tuchel or risk being shunted out of the team.
It comes after reports emerged that the Blues boss wants to bring in Erling Haaland and Sergio Aguero.
According to the Evening Standard, Tuchel is keen on bolstering his attack and sees the two forwards as ideal arrivals.
That spells bad news for Werner, who has had a tough first season in the Premier League.
The former RB Leipzig star was signed with a big reputation but has scored just five goals in the league.
He has been dropped for the last two matches and the 25-year-old is battling for a spot ahead of Chelsea’s FA Cup showdown with Manchester City.
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