Aaron Ramsey will join Italian giants Juventus next summer after agreeing a deal which will pay him €40million over the next five years.
The Welshman has spent the last decade at Arsenal, however, discussions over a new deal broke down earlier this season and, with his contract expiring this summer, he has reached an agreement for a move to Turin.
It is believed that the 28-year-old will become the second highest paid player behind Cristiano Ronaldo for a club which has won the last seven Serie A titles and are nine points clear this term.
Former Juve striker Alvaro Morata, meanwhile, looks set to end his nightmare at Stamford Bridge with a loan move to Atletico Madrid.
Should the move be successful, Chelsea will almost certainly make a £50m (€55m) move for Bournemouth's Callum Wilson.
It is understood there have been meetings between intermediaries over Morata, with Atletico wanting to move quick due to competition.
Despite Morata struggling at Stamford Bridge and going on long goal droughts since his summer 2017 move, the striker still has a lot of interest, with Sevilla, AC Milan and Borussia Dortmund also looking.
Sevilla had been the first club to make a move, but see the potential deal as "very complicated", and are balking at paying the £5m remaining of Morata's salary this season.
Atletico do not have such constraints, and their sporting director Andrea Berta is understood to have already made trips to London to try and move a deal along.
Chelsea's policy is to never sell when a player's perceived value is low, so instead they organise a loan first.