The Sun says after Rom fired Carlo Ancelotti last year just 12 months after winning the Double, there was only one man in his thinking.
Last summer Abramovich dispatched agents to Spain in a fruitless attempt to secure Guardiola's services.
It has even been alleged he promised to make the 41-year-old wealthy beyond his dreams.
But Guardiola was not for moving.
Now, in a dramatic U-turn in the last 48 hours it appears Guardiola is almost certainly courting interest from Chelsea.