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Reports from the British media claims Arsenal are on the verge of agreeing to a deal to sell Alex Oxlade-Chamberlain this summer.
The England international have reportedly rejected a £180k a week contract extension deal with the Gunners insisting he wants a move away from the Emirate Stadium.
Chelsea manager Antonio Conte had made it clear he wanted to add further to his squad before the transfer window closes on Thursday.
But fear a late attempt from Liverpool in their bid to sign the talented wing-back.
The Mirror says Chelsea are trying to rush through a £40m deal for Oxlade-Chamberlain to fend off Liverpool.
The Blues had a bid accepted by Arsenal on Monday which will see it rise above £35m with add-ons and it is understood they moved quickly as they fear Liverpool in the background.
It now remains to be seen whether Liverpool will try and make a last-ditch bid but Chelsea know that there have been strong overtures from Anfield to try and get him.