Chelsea are in the boxseat to land Olympique Lyon winger Florent Malouda.
The Frenchman has repeatedly stated his desire to move to the Premier League and Liverpool had been thought to be favourites for his signature.
However, it now appears Blues boss Jose Mourinho will make his fourth signing of the summer with Lassana Diarra moving in the opposite direction, possibly on loan, according to French radio station RMC.