Chelsea owner Roman Abramovich is set to splash the cash this summer.
According to The Sun, the Russian billionaire will hand the club's next manager £130million to bring in four top quality players ahead of the 2016/17 season.
Speculation continues to heavily link Italy boss Antonio Conte with the Stamford Bridge job and it could be him that is free to spend up in the next transfer window.
It is believed that two of Chelsea's prime targets are Bayern Munich midfielder Arturo Vidal and promising Everton defender John Stones who are high on the wish list in West London.
Chelsea technical director Michael Emenalo reportedly scouted Chile international Vidal in the Champions League against Juventus on Tuesday night as the reigning Premier League champions prepare for a summer overhaul following their horror title defence.