Chelsea owner Roman Abramovich will reportedly sanction multi-million pound bids for Radamel Falcao and Willian in January.
According to the Sunday Express, Chelsea will bid £50m for the Atletico Madrid superstar Falcao and hope to sign Shakhtar Donetsk's Willian for £35m.
The report also suggests that the Blues will recall Romelu Lukaku from his loan spell at West Bromwich Albion as they look to bolster their attacking options.
Columbian international Falcao has already scored 20 goals this season, including a hat-trick against Chelsea, while Willian has impressed for Shakhtar in the Champions League.
Meanwhile Lukaku has scored six goals for West Brom this season, including the winner against Norwich City on Saturday.
Chelsea manager Rafa Benitez hinted at potential January signings yesterday, saying that Fernando Torres would welcome competition for places.