The Guardian says Chelsea are preparing a history-making offensive and are considering an offer close to €160m to sign Vini Jr.
In London, Chelsea's board see the situation as a strategic opportunity before the winger enters the final year of his contract.
Taking advantage of the fact that his contract renewal —which runs until 2027— remains frozen, the Blues are already exploring the prospect of setting up negotiations with Real Madrid for the Brazil international.
In Spain, there has been a growing call from Real Madrid identities for president Florentino Perez to cut his losses and sell Vinicius Jr.
There is a feeling the attacker has lost his spark and spirit - with the player now living in the shadow of an outstanding Kylian Mbappe.
As such, cashing in on Vini Jr this summer is being raised as the best option for all concerned, rather than Florentino attempting to extend an increasingly tense relationship.