Swift is set to join Reading this summer
The England under-21s international has attracted the attention of several Championship clubs during this window, but Reading are understood to have won the race for his signature.
Swift enjoyed an impressive spell at Brentford last season
The 21-year-old's departure ends a nine-year stay at Stamford Bridge, with Swift earning a professional deal in 2012 after progressing through the youth ranks.
Swift has reportedly turned down a new deal at Chelsea
His one and only first team appearance for the Blues came on the final day of the 2013/14 season, where he replaced Eden Hazard during a 2-1 win over Cardiff City.
Swift's arrival will be boost to Reading's preparations for next season
A move to the Madejski would signal a return to the Championship for Swift, who spent last season on loan at Brentford, where he scored seven goals in 28 games.
Capable of playing on the left side of a front three, the midfielder clearly feels his long-term future lies away from west London, in a decision that will delight Reading boss Jaap Stam, who is currently putting his players through their paces at a pre-season training camp in the Netherlands.