Chelsea have identified Porto midfielder Joao Moutinho as one of three priority transfer targets this summer according to The Times.
The 25-year-old Portuguese international was linked with a move to the Barclays Premier League last summer, and there is still a chance he could make his long anticipated switch to England in the New Year.
Blues boss Andre Villas-Boas knows Moutinho well from his time at Porto, and attempted to sign his compatriot as an alternative to Luka Modric as negotiations with Tottenham stalled in August.
With the Portuguese outfit struggling for funds, Chelsea may look to capitalise on their precarious financial situation, and could lure Moutinho to Stamford Bridge for as little as £20million when the transfer window reopens in January - a fee significantly below his current asking price.
The former Sporting midfielder is one of the standout performers in the Primeira Liga and has previously attracted attention from a host of Europe's leading clubs.
Moutinho's versatility is another attractive proposition, with the ability to play right across the middle, on both flanks or as either a holding or attacking midfielder - he would be regarded as a valuable acquisition as Chelsea's new utility man.