Frank Lampard has come into Chelsea being only able to use the resources he has after the Blues were handed a transfer ban by FIFA.
However, they have already started planning for next summer when they can register players and they've made their first move.
The Sunday Mirror report that Chelsea have told fellow Londoners Crystal Palace they will launch a bid next summer.
The Eagles are looking for £80 million, which put off Arsenal as they changed their approach and went after Pepe from LOSC Lille.
Everton are also interested and have made a bid in excess of £60 million, but Steve Parish is holding firm on his price.
With the market, the 22-year-old could be considered to be worth that price to Crystal Palace due to how integral he is to their squad. But for Chelsea, it could be a price too much to pay.