Chelsea hope to beat Manchester United to the signature of Samuel Eto'o by offering the Anzhi Makhachkala striker a contract worth an annual £4million, reports the Daily Express.
The 32-year-old has been heavily linked with a move to the Premier League this summer, after the Russian club's owner Suleyman Kerimov made every player at the Anzhi-Arena available for transfer.
Eto'o is free to leave for as little as £6million this summer, prompting a raft of interest from a number of top European sides, including one of his former clubs, Inter Milan.
Jose Mourinho knows the Cameroonian well from their time together at the San Siro, and is understood to be keen to bring him to Stamford Bridge, in an attempt to strengthen his options in Chelsea's attack.
Manchester United boss David Moyes is also a reported admirer of Eto'o, and is equally keen to lure the player to Old Trafford before the close of the transfer window.
But, with Sky Italia suggesting that Chelsea will offer the prolific frontman a lucrative contract, the Blues are set to pip the Premier League champions and Inter Milan to his sought-after signature.
The £4million-per-year on the table is significantly less than the €20million he earns annually after tax in Russia, but significantly more than what Inter are offering - around £3million over the next two seasons.