According to the Surrey Mirror, Chelsea could be about to make a last minute bid for Lovren that will blow Liverpool's deal for the Southampton man out of the water.
The report is a little thin though as it claims Croatia is the source of the report, and it is a little unclear how a source in a foreign country would have obtained such insider information.
Southampton have reportedly agreed to sell Lovren to Liverpool in a deal said to be worth around £20 million. If the deal goes through Liverpool will have paid the Saints just under £50 million in total this summer.
But Chelsea have been known admirers of the Croatian defender in the past. In 2009 Ancellotti wanted to bring the then 20-year-old to Stamford Bridge as a backup defender, but Lovren opted to join Lyon instead.
Jose Mourinho has already spent considerable amounts bringing Diego Costa, Cesc Fabregas and Filipe Luis to Stamford Bridge.
The Chelsea manager also admitted yesterday that his team's spending was complete.
Eddie Howe concerned for Bournemouth's Fraser
Bournemouth's Ryan Fraser injured his knee in the club's pre-season friendly against Doncaster Rovers on Saturday, and boss Eddie Howe is, according to the Daily Echo, very concerned for the winger's fitness.
The youngster had his left knee strapped and braced as he left the Avenue Stadium and the Championship side's medical staff are understood to be assessing him early this week.
Howe told the Daily Echo: "It is a concern because we think it is his medial ligament. He took two whacks to the same area.
"We are hopeful it will be nothing more than a week to 10 days but will have to wait and see. With knee injuries, you always have to be protective."
Brighton receive blow in hunt for new keeper
The ex-West Ham United keeper has joined Charlton on a three-year deal after his release from the Premier League side this summer.
Brighton will have to turn their attentions elsewhere as their search for a replacement for the departed Tomasz Kuszczak continues.
Stoke City's Jack Butland has been eyed as a possible option, although any deal for the youngster would only be temporary as young shot-stopper is seen as a hot prospect for the future by the Stoke hierarchy.
Portsmouth's yearly losses set to be tiny compared to budgeted prediction
According to the Portsmouth News, Pompey are delighted that their yearly losses will only end up being a fraction of what the club originally predicted and budgeted for.
The club's finance director, Tony Brown, revealed that their losses from June 2013 to May 2014 are only £90,976.
That is a fantastically low operating loss when you consider that the club originally predicted losses of around £700,000. That figure has been helped by the club's match day income and commercial revenue which has turned over a total figure of £5,902,555.
Tony Brown told the Portsmouth News: "It’s a brilliant achievement by everybody at the club. The losses are £90,000 at the end of 11 months and there is still another month to go, nonetheless we are well above the original budget.
"This has been achieved by improving on the commercial revenue streams across the business, by more fans coming than we expected and really getting behind the club.
"There were also additional TV monies we hadn’t budgeted for, while we got the cost down to the market norms of a League One/League Two club."