Chelsea have had a staggering £52m bid for Atletico Madrid striker Sergio Aguero and defender Diego Godin rejected as the champions attempt major squad surgery in a bid to resurrect their title challenge.
Atletico also revealed that they have also recently rejected Real Madrid's £39m bid for Argentine Aguero.
"Atletico have said no to the two offers because they believe in these two players," said majority shareholder Miguel Angel Gil. Argentina international Aguero, 22, has scored seven league goals this season, while Uruguay international Godin, 24, has won 43 caps. Chelsea have also offered Benfica midfielder Nemanja Matic as the makeweight in the £25.5m deal to sign David Luiz.
The Premier League champions will also send Patrick van Aanholt on loan to Leicester City, with Gael Kakuta undergoing a medical yesterday before joining Fulham for the remainder of the season. Real Madrid looked to have resolved their search for another striker by landing Emmanuel Adebayor on a six-month loan move from Manchester City in a deal which could lead to a permanent £15m transfer at the end of the season.
Adebayor is understood to have accepted a reduction to his £160,000-a-week Eastlands salary to ensure the move went through. Real's failure to secure a deal with Hamburg to re-sign Ruud van Nistelrooy led to the Spanish club approaching City yesterday morning to open talks over a short-term move for the forward.
Despite making an impressive start at City following his £25m arrival from Arsenal in July 2009, Adebayor has since become a peripheral figure at the club, with manager Roberto Mancini handing the Togolese striker just two Premier League starts this season.
Aston Villa, Fulham and Monaco quickly abandoned trying to sign Adebayor because of the player's salary.
Real Madrid manager Jose Mourinho moved for Adebayor after failing to land Van Nistelrooy as a replacement for the injured Gonzalo Higuain.
Real are now expected to move for Manchester United defender Patrice Evra this summer following an admission by the player's agent that he will make a definitive decision on his Old Trafford future at the end of the season.
United, meanwhile, are seeking face-to-face talks with Southampton before Saturday's FA Cup third-round tie in an attempt to hijack Arsenal's proposed transfer of Alex Oxlade-Chamberlain.
Ferguson has watched Oxlade-Chamberlain and senior officials now hope to meet Southampton chairman Nicola Cortese to discuss a potential deal. Oxlade-Chamberlain has clearly indicated his preference to join Arsenal, whose manager, Arsene Wenger, has also publicly admitted that he hopes to conclude a deal before the closure of the January transfer window on Monday. (© Daily Telegraph, London)