Tottenham are trying to sign Chelsea's French midfielder Emmanuel Petit for around 700,000 pounds (1.1 million dollars).
The London Evening Standard said Tuesday the rash of new signings at Stamford Bridge will leave the former Arsenal player out in the cold.
Arsenal brought him to England from Monaco in 1997. He left for Barcelona in 2000 before switching to Chelsea for 7.5 million pounds (12 million dollars) the following year, despite interest from Spurs.
Chelsea were also reported to have made a 15 million pound (24 million dollar) bid for Real Mallorca striker Samuel Eto'o.
Chelsea owner Roman Abramovich's football adviser, Pini Zahavi, was believed to have flown to Madrid to discuss the Cameroon star with Mallorca officials.
Eto'o's arrival could clear the way for Jimmy Floyd Hasselbaink to finally move to Spain. Real Betis are the latest club to be linked with the Dutchman after he was courted for several months by Barcelona.
Dutch midfielder Winston Bogarde claimed he could form a key part of the Russian revolution at Chelsea.
Bogarde faces a tough task having failed to convince manager Claudio Ranieri to pick him even before Abramovich's 37 million pound (42 million dollar) investment in new signings.
Bogarde, who has a year left on his contract, said: "It was like coming back to a different club when I returned from vacation this year. I have no idea whether the radical changes are going to be good or bad for me.
"I still want to play first-team football for Chelsea. There have already been several new signings and it looks like there may be more to come, so getting a place in the team will be harder than ever, but I won't give up hope."
Bogarde had little chance to impress Ranieri on the pre-season tour to Malaysia as he was forced to fly home early due to a family emergency.
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