The 20-year-old forward has been in exceptional form for MK Dons in League One - he's got 10 goals through 15 goals in England's third tier.
But Chelsea want to see him play at a higher level, with the Stamford Bridge club already lining up his next loan move to a Championship team.
MK Dons are keen to renew Bamford's current deal, but the report claims Chelsea will bring him back to the club in January, before loaning him out again straight away.
Bamford joined Chelsea from Nottingham Forest in 2012, and was immediately placed into the club's academy.
He spent a significant portion of last season on loan in Milton Keynes, but he seems set for a fresh challenge in the New Year.
The Blues want to see him play at a higher level to get a better idea of whether he can contribute to the first-team under Jose Mourinho.
The Chelsea boss is reportedly frustrated with his current options up front - Fernando Torres, Samuel Eto'o and Demba Ba have just one Premier League goal between them this season.
And the Blues fired a blank this weekend, losing to Newcastle 2-0 at St James' Park.