Chelsea boss, Maurizio Sarri, will spend more than £200million in January window following the threat of a two-year transfer ban by FIFA.
The money will be spent on four players.
FIFA had last week recommended the Blues receive a four-window transfer ban following an investigation into them signing under-age foreign players.
The threat will push the Blues to work around the clock in January to bring in a number of targets before the ban hits.
Express Sports reports that Chelsea are ready to go head-to-head with both Manchester United and City to sign 27-year-old £50m-rated Brazilian wing-back Alex Sandro from Juventus.
Sarri is already on the verge of winning the £70m-race to land winger Christian Pulisic, 20, from Borussia Dortmund.
The Italian manager will also pay £50m for 24-year-old right-back, Elseid Hysaj.
The Blues are also looking to invoke a £40m buy-back clause in the deal that took central defender Nathan Ake to Bournemouth.