Sanctions placed on Roman Abramovich as a consequence of Russia's invasion of Ukraine plunged Chelsea into uncertainty earlier this year, but an ownership change has seen a degree of stability return.
Despite the departures of Romelu Lukaku, Antonio Rudiger and Andreas Christensen this off-season, Todd Boehly's consortium has allowed Chelsea to resume with their preparations for the new season.
And it appears they are close to clinching their first signing of the new era, with a transfer for one of the Premier League's best attackers seemingly imminent.
TOP STORY – RAHEEM STERLING SET FOR CHELSEA
Chelsea have reached a deal with Manchester City to sign Raheem Sterling, according to David Ornstein of the Athletic.
The 27-year-old is set to sign a contract until 2027 with the option of an extra season, signalling the first major signing under new ownership.
Starting his senior career with Liverpool, Sterling moved to City in 2015, scoring 131 times in 339 appearances for them in all competitions.
The England international's status under Pep Guardiola became less secure in the past season however, with Phil Foden and Jack Grealish seeing increased time on the left wing.
– Meanwhile, Barcelona have matched Chelsea's offer of €70.1million (£60m) plus add-ons for Leeds United's Raphinha, Goal is reporting.
– Frenkie de Jong is hoping to remain at Barcelona and will reject an approach from Manchester United, per Sport.
– Bayern Munich have met with the representatives of Matthijs de Ligt, but Juventus are yet to receive an opening bid, according to Fabrizio Romano.
– Brighton and Hove Albion are in talks with Marc Cucurella over an improved deal amid interest from Manchester City, the Athletic reports.