Chelsea have underwhelmed this season and may look to offload players to ensure they meet financial fair play requirements, but could Reece James really leave Stamford Bridge?

The Blues have spent big money over the past 10 months since Todd Boehly took over ownership from Roman Abramovich.

Enzo Fernandez, Wesley Fofana, Mykhailo Mudryk, Marc Cucurella, Raheem Sterling, Benoit Badiashile, Kalidou Koulibaly, Noni Madueke and Malo Gusto were all signed in lucrative moves.

TOP STORY – MADRID CONSIDER SHOCK MOVE FOR CHELSEA'S JAMES

Real Madrid are plotting a shock swoop to sign Chelsea full-back Reece James as the Blues plan a clean-out, claims AS.

James, 23, is contracted with the Blues until 2028, making any deal complicated, but Los Blancos are reportedly hoping Chelsea's need to balance the books can work in their favour.

Madrid previously landed Thibaut Courtois and Eden Hazard from Chelsea, albeit in different circumstances with both only having shorter terms remaining on their contracts.

AS claims Borussia Dortmund midfielder Jude Bellingham remains Real's priority signing.

You only got one life to live, so do whatever makes you smile pic.twitter.com/Q4jSsffHDj
— Reece James (@ReeceJames) October 28, 2022

ROUND-UP

– The Evening Standard claims Arsenal are making West Ham midfielder Declan Rice a transfer priority, amid plenty of interest from Premier League clubs. Rice is expected to leave the Hammers at the end of this season, with Chelsea, Manchester City and Manchester United also reportedly in the hunt.

– Manchester United are keeping an eye on Eintracht Frankfurt's Randal Kolo Muani and Atalanta's Rasmus Hojlund should their advances for Tottenham's Harry Kane fail, claims the Manchester Evening News.

– Fiorentina midfielder Sofyan Amrabat is eager for a move to Barcelona, claims Footmercato. The Blaugrana had interest in the Moroccan during the last transfer window.

– Manchester City and Paris Saint-Germain have lodged initial bids for 16-year-old Hajduk Split defender Luka Vuskovic, according to 90min.

– Footmercato reports Khvicha Kvaratskhelia is set to sign a new five-year contract with Napoli, having been linked with PSG recently.

– El Chiringuito claims Manchester City are eyeing a move for ex-Spain boss Luis Enrique amid talk Pep Guardiola could opt for a sabbatical at the end of the season.