We have all the latest from the Chelsea rumour mill, including links to Julian Alvarez, Fermin Lopez, and Lucas Paqueta.
Chelsea’s January transfer window is focused on departures, but plans for the summer are already in motion.
Liam Rosenior and the recruitment team are preparing for a squad overhaul that balances short-term sales with significant long-term investment.

Tyrique George closing in on permanent Chelsea exit
Tyrique George is expected to leave Chelsea on a permanent deal this month, according to The Athletic. The 19-year-old forward was close to joining Fulham for £22 million last summer before the move collapsed late in the window.
George is not part of Liam Rosenior’s immediate plans, and his departure would help Chelsea in their effort to trim the squad. It was previously reported that Roma had explored a deal before moving on to other targets.
Julian Alvarez and Fermin Lopez identified as summer targets
Looking ahead, Chelsea are preparing for a major summer window and have identified Julian Alvarez of Atletico Madrid and Fermin Lopez of Barcelona as priority targets, according to Fichajes.
The report claims Chelsea could spend up to €300 million this summer as part of their next rebuilding phase. Both are expected to remain on the club’s shortlist leading into the summer.
Chelsea could convince Lucas Paqueta to stay in England
Chelsea’s rebuild could include a move for West Ham midfielder Lucas Paqueta. The Brazilian has been on the club’s radar since last year and is viewed as a potential creative upgrade in midfield.
According to Renant Moura, Paqueta is keen on returning to his home club, Flamengo. However, Chelsea’s interest could impact any move to Brazil.
Kendry Paez recall under Chelsea consideration
Chelsea are also considering recalling 18-year-old midfielder Kendry Paez from Strasbourg due to limited playing time, according to The Athletic.
Paez, who joined from Independiente del Valle in a record deal, has found senior football in France challenging but remains a long-term project.
Chelsea still view him as one of their top prospects and want to ensure he gains more consistent experience before returning next season.
With several departures expected this month and major signings planned for the summer, Chelsea’s squad reshaping is already gathering momentum ahead of a defining window at Stamford Bridge.
Read More: Wayne Rooney spots big change in Chelsea during Liam Rosenior’s first game in charge
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