Former Chelsea boss Carlo Ancelotti could set for a sensational return to the Stamford Bridge hotseat.
The Blues don't expect current manager Antonio Conte to see out the remainder of his contract - with his fellow Italian the number one choice to replace him.
After a disappointing spell with Bayern Munich, steady-eddie Ancelotti is keen to resume his career in the Premier League, report The Sun,
The 58-year-old bears no ill will towards Blues’ owner Roman Abramovich, who fired him in 2011 after finishing second in the Premier League.
But what other transfer news and gossip is there in Friday's papers? Here is our round-up...
Stories from the Friday's Daily Mirror
Arsene Wenger has revealed his Arsenal future will be reviewed after THIS season. The 68-year-old Gunners boss, who has been in charge since 1996, signed a new two-year deal at the end of the 2016-17 campaign.
Cristiano Ronaldo is reportedly set to issue an ultimatum to the Real Madrid board over a new deal. The superstar, contracted until 2021, wants his salary to be similar to his arch-rival Lionel Messi's at Barcelona in what would be the final contract of his career, report Portuguese media.
Barcelona are confident of completing a deal to sign Philippe Coutinho in January - and believe they are getting a bargain, according to Spanish media.
Stuttgart midfielder Berkay Ozcan has confirmed he has held talks with Arsenal.
Manchester United striker Romelu Lukaku's agent Mino Raiola has claimed black players have to be better than white players to be successful in football. He said: “People who say there is no discrimination in football? Black players are constantly discriminated against."
Marco Silva has assured Watford he is going nowhere yet – even though bookmakers have him among the front-runners for the Everton job.
Burnley manager Sean Dyche denies he is in a comfort zone at Turf Moor and claims he is “ambitious”. The 46-year-old, about to mark five years in charge, was linked with Leicester last week before they hired Claude Puel and is now one of the names in the frame for the vacant Everton hot-seat.
Transfer news and gossip from other sites and papers
Manchester City have joined neighbours United in the race for £60million rated Lazio prospect Sergej Milinkovic-Savic. (The Sun)
Sam Allardyce could a favourite for the now-vacant Glasgow Rangers job according to former Gers striker John MacDonald (Daily Express)
Gary Neville says he is now 'too busy' to become a manager again (The Times)