BILD says Mourinho has agreed to return to Stamford Bridge, where he enjoyed three years of success.
It's reported Blues owner Roman Abramovich has already secured a first "gift" for Mourinho - the signature of Atletico Madrid striker Radamel Falcao in a deal worth €60 million.
Mourinho will surely be well aware of the developments as he shares the same agent, Jorge Mendes, with the Colombian.
The report has been echoed in Marca and AS this morning.
Is that the deal done? Or could last night change Mou's thinking? Give us your shout below...