Chelsea are willing to throw £150M at the January market after being cleared to buy today.

Chelsea's transfer ban, slapped down by FIFA for breaking youth transfer rules, has been reduced after their appeal to the Court of Arbitration for Sport (CAS) was successful.

The outcome means that Blues manager Frank Lampard will be able to sign new players in the January transfer window. He will be given a £150million warchest to improve his squad next month.

The Daily Mail says Chelsea now will look to spend in January, with Crystal Palace winger Wilfried Zaha, Borussia Dortmund star Jadon Sancho, Leicester full back Ben Chilwell and Lyon striker Moussa Dembele among their targets.

The Blues, however, accept that it will be a difficult market to enter with many clubs unwilling to sell mid-season.

Chelsea did welcome winger Christian Pulisic from Borussia Dortmund during the 2019 summer transfer window after signing him last January for £58m.

The Blues were also able to bring in Mateo Kovacic on a £40m permanent deal from Real Madrid as he was already registered with FIFA having spent last season on loan at Stamford Bridge.

If Chelsea can bring a new striker in, it could pave the way for Olivier Giroud to exit the club.