On his way to Chelsea?

Chelsea are willing to break the bank for Atletico Madrid’s Radamel Falcao as they line up a staggering 10 million pounds an year move for the flamboyant striker in January. Chelsea are set to make Falcao their first priority in the transfer window as The Blues look to mount a credible title challenge in the second half of the season. The mammoth figure involved is not likely to act as deterrent for Chelsea as they have been known to spend heavily in the January transfer window in the past, most notably on Fernando Torres in 2010-11.

Falcao has been in imperious form this season, even by his own standards. The former Porto man has scored 19 goals so far, with three of them coming in the UEFA Super Cup tie against his potential suitors Chelsea. All in all, he has managed to score an incredible 127 goals in the last three seasons and will be an invaluable asset to any team with both his on and off the ball skills.

This comes on the back of Fernando Torres finding his scoring touch again under Interim manager Rafael Benitez. He has scored five goals in the last three games but his form remains an enigma and Chelsea are clearly not taking chances in what has been another topsy-turvy season so far.

In other news, Chelsea are set to enter the race for Arsenal’s Theo Walcott, alongside Premier League rivals Manchester United and Liverpool. Walcott has refused to sign a new deal with Arsenal, leaving Arsene Wenger frustratedand opening up a potential three-way chase for the young Englishman.

Walcott is yet to make his mind up

While inconsistent, Walcott possesses remarkable pace and at the young age of 23 he still has his best years in front of him and a potential that has not yet been realized. He could prove to be a slick buy for Chelsea, and with their incompetence on the wings coming to the fore on many occasions in last few seasons could just be the player they are looking for.