Chelsea claim they have agreed a fee with PSV Eindhoven for Serbian striker Mateja Kezman.
Kezman, 25, who has scored 105 goals in four seasons at PSV, had previously been linked with Liverpool, Birmingham, and Charlton.
“He is one of the top strikers in Europe and will be an excellent addition to our squad,” chief executive Peter Kenyon told the club’s website.
In May, Birmingham made PSV an offer for Kezman but they could not reach an agreement with the Dutch club.
Kezman himself admitted in May he was close to joining Liverpool.
“Liverpool are back in the race (to sign me), that’s true. It is a marvellous club with a great history. It would be great to join that club,” he told De Telegraaf newspaper.