Chelsea expected to make formal bid for South American star

Chelsea are expected to make a formal bid for Brighton & Hove Albion midfielder Moises Caicedo, according to Fabrizio Romano.

The Blues have been busy with offloading players in the last few weeks, and they are now expected to concentrate on new arrivals.

Caicedo is one of the top names on their wishlist, and Romano reports that the club will make an official approach when the month ends.

The Ecuador international has almost agreed personal terms with the Blues, and the club are now set to negotiate on the transfer fee.

Brighton valued the 21-year-old at around £80 million earlier in January, and they could demand a significant fee for him this summer.

With Declan Rice set to join Arsenal for £105m, the Seagulls could hold out for a similar transfer figure to sell the midfielder to the Blues.

The Blues need to be quick in their negotiations, considering Manchester United could enter the race for Caicedo in the coming days.