The Blues (Chelsea) have agreed a deal to sign Timo Werner from German top flight club RB Leipzig, according to Sky Sports.
The German international striker has a release clause of €55m (£49.4m) which expires on Monday June 15.
Chelsea have offered a £200,000-a-week deal to Werner, who also interest Liverpool and Manchester United.
He had publicly indicated his preference to move to Premier League leaders Liverpool but they were unwilling to pay the release clause in the current climate.
That allowed Chelsea to move in for their number one forward target, and the 24-year-old is happy to play for Frank Lampard's side.
His priority has always been to sign for a Champions League club where he can play regularly.
Werner will join Hakim Ziyech, who is joining from Ajax for £33m on July 1, as new additions at Stamford Bridge this summer following their transfer ban being lifted by FIFA in December last year.
Chelsea were unable to sign players last year and opted not to bring in any acquisitions in January, instead focusing on their main targets this summer.
The club are also interested in bringing in a new left-back, with Leicester's Ben Chilwell their number one target.
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