The Sun says Hudson-Odoi is set to sign an incredible £200,000-a-week contract keeping him at Stamford Bridge for the next five years.
The England winger, 18, is recovering strongly from an Achilles injury and was back at first-team training this week.
The Blues have been in advanced talks with the talented youngster for a month now, as the club hope to stave off the advances of Bayern Munich.
The German giants have been chasing the hotshot winger since January and had bids of up to £35million turned down.
But Hudson-Odoi now looks to be staying in West London.