Chelsea are closing in on Malaga winger Isco.

The People says Malaga starlet Isco is bound for Stamford Bridge.

The Spanish club need to bring in significant sums of money in January to pay a huge tax bill.

It is not yet clear whether Isco will move to west London this month or remain at Malaga for the rest of the season, possibly on a loan-back deal. The 20-year-old is an attacking midfielder who has scored six times for Malaga this season.