Chelsea have submitted an offer worth around €65M to Atletico Madrid for Joao Felix.
The Portuguese forward is the player the Blues must sign from Atleti to finalize the Conor Gallagher sale.
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After they pulled out of a deal to sign Samu Omorodion, Chelsea have no option but to secure Felix.
Per O Jogo, they have put in a bid in the hopes that Atleti will accept the first offer.
The 24-year-old forward was on loan at the Blues earlier in his career, but did not impress sufficiently to earn a permanent deal at the time.
The only other option for Chelsea is to terminate the deal and retain Gallagher for another year.