The London side has fought off competition from Liverpool as The Guardian reports and they are set to break the British transfer record to sign the Ecuador star.
Liverpool had a £110m ($140m) offer accepted by Brighton, but the Blues are determined to get the midfielder they have been chasing all summer. The deal will top the previous record of £107m that Chelsea paid to sign Enzo Fernandez in January.
The Stamford Bridge side is also set to beat Liverpool to the signing of Romeo Lavia from Southampton for a reported £55m ($70m) fee.
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