Chelsea FC is on the verge of completing a $300 million splurge of transfers including German football's hottest youngster and a Brazilian icon

• Chelsea FC is set to take its summer spending to over $300 million by signing Kai Havertz, Ben Chilwell, Thiago Silva, and Malang Sarr, according to The Telegraph.
• The Blues have already spent $63 million on Timo Werner and $47 million on Hakim Ziyech, who joined from RB Leipzig and Ajax.
• Leicester City's Chilwell and Bayer Leverkusen's Havertz are both set for medicals this week ahead of $66 million and $118 million moves, says The Telegraph.
• Silva and Sarr are to join the club on free transfers following their departures from Paris Saint Germain and OGC Nice.
• After being banned from transfers last year over rule breaches, Chelsea is taking full advantage of its chance to buy new players again.

Chelsea FC is on the verge of completing a $300 million splurge of summer transfers including German football's hottest youngster and a Brazilian icon.

The Blues have spent $63 million on forward Timo Werner and $47 million on midfielder Hakim Ziyech, who joined from RB Leipzig and Ajax, however the club's spending looks set to soar in the coming days as Frank Lampard continues to revamp his young squad.

According to The Telegraph, Chelsea is closing in on a triple swoop for Bayer Leverkusen's Kai Havertz, Leicester City's Ben Chilwell, and Paris Saint Germain's Thiago Silva.

The club is also expected the complete the signing of free agent Malang Sarr, who left OGC Nice at the end of the season, on a five-year deal, according to Telefoot.

Chilwell is scheduled for a medical at Stamford Bridge within the next 48 hours ahead of a $66 million move, says The Telegraph.

The 23-year-old has been one of the English Premier League's outstanding fullbacks over the past two seasons, and has cemented himself as the England national team's first choice at left back.

Silva, 35, is expected to make the move to Chelsea on a free transfer following his contract with PSG expiring. The Telegraph says he will sign an initial 12-month deal.

The Brazilian defender played his last game for PSG in the Champions League final defeat to Bayern Munich on Sunday, after which he said: "It was my last game in Paris. I am sad. I apologise to the fans.

"I thank all the fans for their love. I will return to Paris and this club that I love in another role. [But] I want to play three to four years still, and be part of the Brazil team in the Qatar WorldCup."

Finally, Havertz will join Chelsea in a club record $118 million deal following the completion of a medical later this week, according to The Telegraph.

Leverkusen sporting director Rudi Voller however told Bild that reports of a deal for the the German international, 21, "nonsense."

Chelsea finished fourth in the Premier League last term, and will kick off its new season on September 14 against Brighton.

Read more:

Manchester City is calculating if it can afford to buy Lionel Messi without breaking European financial rules, as rumors of an $800 million transfer grow

English Premier League champions Liverpool will host newly promoted Leeds United on the opening day of the new season

English soccer's first female Muslim referee, a former Somalian refugee, says she aims to one day officiate in the Premier League

Borussia Dortmund trolled Manchester United on Twitter after it confirmed star man Jadon Sancho won't be moving to England this summer