Signing Of Fernando Torres From Liverpool To Be Part Of £100 Million Splurge On Transfers By Chelsea

Chelsea are believed to embarking on a £100 million splurge on the transfer market, starting with the acquisition of Liverpool striker Fernando Torres.

The Reds initially turned down an offer thought to be in the region of £35m, but the 26-year-old's head is believed to have been turned towards Stamford Bridge.

Initial reports pointed towards the Blues gearing up to offer Liverpool a £50m deal with Daniel Sturridge included to add more weight to the potential package, but Goal.com UK exclusively revealed that the Merseyside outfit have requested that they strike a part-exchange deal involving one-time Red Nicolas Anelka instead.

Now The Mirror reports that the potential signing of Torres will be part of a £100m plunge into the market that owner Roman Abramovich is personally funding, so as not to put the club into a heavily debt-ridden state.

It is thought that the Spanish striker's prospective move to Chelsea could be completed before the January 31 transfer deadline.