Borussia Dortmund whiz Jadon Sancho and re-signing Bournemouth defender Nathan Ake are amongst the options planned for January by Chelsea.
The Blues' appeal will be heard by Court of Arbitration for Sport on November 20, having already serving half of a two-window ban for breaching rules relating to the signing of underage players.
The Telegraph says Blues boss will have a pot of £150m thanks to the funds gained from last season's Champions League qualification, and the summer sales of the likes of Eden Hazard and David Luiz.
With the futures of Pedro, Olivier Giroud and Willian also unclear beyond the end of the current campaign, it is understood that the club want to add wingers and strikers as a priority.
And Borussia Dortmund and England star Sancho is one of their top targets alongside Crystal Palace wide-man Wilfried Zaha and Lyon striker Moussa Dembele.
Chelsea are also looking to strengthen their defensive options and have shown interest in Leicester City left-back Ben Chilwell, as well as Bournemouth centre-back Nathan Ake.