The Sun says Chelsea are plotting a £45million swoop for Colombian superstar Falcao.
Preliminary discussions have already taken place about a January move for the Atletico Madrid goal machine.
And Blues owner Roman Abramovich has given the green light to a formal bid after watching Falcao destroy his team in last month’s UEFA Super Cup.
A Chelsea source admitted: “The groundwork is already being done for Falcao.
“The owner wants everything in place now so a deal can be done before any other club can make a counter-offer.”