The addition of Ross Barkley will allow the youngster the opportunity of a loan spell away.
The highly-rated midfielder is likely to move to another Premier League club to get more game time after Ross Barkley's arrival pushed him further down the pecking order.
Chelsea have loaned out players to all of the aforementioned clubs in the past and have had mixed fortunes. The Blues want to ensure Musonda gets the playing time he deserves, which is ultimately the most important factor of deciding which club to join.
West Bromwich Albion are in desperate need of creativity. Musonda can play both in central attacking midfield and out wide and, with Albion's lack of creativity and pace, Musonda would get plenty of game time ahead of the under performing James McClean and Matt Phillips.
Watford have their pros and cons. The Belgian would not have to move house as Watford is just outside of London and the Hornets are still sitting in the top half of the table so there is potential for success. The concern with Marco Silva's side is that another Chelsea youngster Kenedy spent the first half of last season on loan at Vicarage Road and only played once which will concern Antonio Conte. They have a fairly big squad, so Musonda will have a lot of competition in midfield.
Newcastle are in the market for attacking flair as they look to revamp their small squad. Former Chelsea man Christian Atsu made his loan move from Chelsea permanent at St James' Park back in the summer, and Musonda may want to join him.
Bournemouth have had success with Chelsea in the past. Nathan Ake spent six months on loan at the Vitality Stadium, before being recalled by the Blues. He was then sold to the Cherries last summer. Bournemouth do not have too many options out-wide, so Musonda should be able to get minutes. However Atsu's unsuccessful loan spell in 2015 may see Chelsea reluctant to send the youngster there.
West Brom and Newcastle look like the two clubs who would suit the Belgian best if he wants to play regular football under experienced managers.