The Blues look set to raid the Spanish league champions this summer, and appear to have all but concluded a £32 million deal for striker Diego Costa, which should be announced soon. Along with the 25-year-old, Chelsea are also believed be in pursuit of full-back Filipe Luis and midfielder Tiago.
CHELSEA MOVE ON THE CARDS?
Thibaut Courtois is also expected to end his three-season loan spell with Atletico Madrid and return to Stamford Bridge.
However it seems as though Godin, who has shone for Uruguay at the World Cup, won't be following his team-mates to Chelsea, with Spanish source AS reporting that he has told Ateltico Madrid coach Diego Simeone that he won't jump ship.
The 28-year-old is under contract at the Vicente Calderon until 2018 so extracting him from that would be a pricey operation for Chelsea. Indeed it was previously claimed by the Daily Star that the Blues would have to cough up a sum total of £75 million for Godin, Costa, Luis and Tiago - who is now available on a free transfer.
Despite the apparent snub from Godin, Chelsea have done well in the summer transfer market so far, and could continue to add to their squad before August.
Along with the expected arrival of Costa, Cesc Fabregas has already been snapped up from Barcelona. Along with any new arrivals there are expected to be be plenty of departures from Stamford Bridge.
David Luiz has already joined PSG, while Petr Cech and Romelu Lukaku could join Ashley Cole and Frank Lampard in being shown the door.