After wastefully splashing £50 million on Fernando Torres in January 2011, Roman Abramovich could be forgiven for a reluctance to spend big this summer. 

However, the Russian billionaire is eager to rejuvenate his inconsistent Chelsea squad, and has identified Isco as the man to help replicate the dominance the Blues enjoyed in previous seasons.

At just 20-years-old, the Valencia youth product has established himself as a crucial player at Malaga after the club was forced to offload a number of star players after a promising financial takeover turned ugly last year.

To underline his rapid rise in value at the La Rosaleda outfit, Isco penned a new deal in January, boosting his buyout clause from £17 million to £30 million – just two years after joining ‘Los Boquerones’.

The Spaniard has been in magnificent form this season, leaving little wonder as to why he is so highly rated by his once-wealthy employers. Despite usually playing in his preferred advanced midfield role, Málaga’s star man has already netted 11 goals this term. With eight La Liga and three Champions League goals to his name, Isco is the top-scorer for his side in both competitions.

Although only just outside his teenage years, the attacking exploits of the Spain international this campaign has drawn comparisons between him and Chelsea’s second all-time top-scorer Frank Lampard. Abramovich recognises that the young midfielder has the same rare goal-scoring instinct as the Blues legend, hence identifying him as the ideal successor to ‘Super Frank’ at The Bridge.

With Eden Hazard, Juan Mata, Oscar, Kevin De Bruyne and Victor Moses already in the ranks, whether or not the Londoners need to sign another attacking midfielder is debatable, particularly at such a high cost. But one thing is for sure, if the Blues don’t snap up one of Europe’s most promising young stars, somebody else will. Your move, Roman.

An under-construction Chelsea side look set to be heavily involved in the transfer market this summer – but do the Blues really need Isco in order to fight for trophies next season? Share your thoughts in the comments below!

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