League leaders Chelsea are allegedly preparing a £75m bid for Real Madrid’s James Rodriguez and will bankroll the transfer using the £62m they’re set to receive from the sale of Oscar to Shanghai SIPG.

With the Brazilian on his way out, Antonio Conte is keen for Rodriguez to fill the vacancy in this January’s transfer window.

Chelsea sought to bring the Colombian to the Bridge last summer but their efforts were blocked by Madrid.

But with Rodriguez growing increasingly frustrated at the club, the Blues will now fancy their chances, the Daily Mirror reports.

Rodriguez has only been involved in eight La Liga games this season as he continues to remain sidelined under Madrid manager Zinedine Zidane.

The 25-year-old is said to been keen on a move away from the Bernabeu but Madrid won’t give up the Colombian easily, especially with Gareth Bale out until February with an injury.

Meanwhile, Oscar’s move to Shanghai looks to be nearing completion.

According to Willian, the midfielder has already said his goodbyes to his Chelsea team mates.

Speaking to ESPN Brazil, Willian said: "[Oscar] has already said goodbye. He's a good friend and a great player.

"I wish him and his family all the best. A footballer's career can be quick, and when an offer like this comes in you have to think of your family.

"You want to be prepared for when you have to stop playing."

Ruben Loftus-Cheek could be another Chelsea player on his way out from Stamford Bridge – but only on a temporary basis.

West Ham have reportedly opened talks with the Blues over a January loan deal for the 20-year-old.

Loftus-Cheek has made just one substitute appearance in the Premier League so far this campaign and is longing for more first-team opportunities.

The Express claims that Slaven Bilic is keen on a short-term deal as he looks to get West Ham’s season back on track.

Crystal Palace vs Chelsea player ratings Show all 23 1 /23 Crystal Palace vs Chelsea player ratings Crystal Palace vs Chelsea player ratings Wayne Hennessey: 5 out of 10 Lost confidence after conceding, and should have done better with Chelsea's third. Crystal Palace vs Chelsea player ratings Joel Ward: 7 out of 10 Impressed, both in defence and in delivering from the right flank, before the game was up. 2016 Getty Images Crystal Palace vs Chelsea player ratings Scott Dann: 6 out of 10 Never stopped fighting in a lost cause. 2015 Getty Images Crystal Palace vs Chelsea player ratings Damien Delaney: 6 out of 10 Held back by an early yellow card, he lost this season's round two with Costa. 2016 Getty Images Crystal Palace vs Chelsea player ratings Pape Souare: 5 out of 10 Ended the game flat on his back, and the preceding 90 minutes weren't much better. Crystal Palace vs Chelsea player ratings James McArthur: 6 out of 10 Showed his worth in protecting the defence and supporting the attack. 2016 Getty Images Crystal Palace vs Chelsea player ratings Mile Jedinak: 5 out of 10 Chased shadows in midfield before being booked and replaced. 2016 Getty Images Crystal Palace vs Chelsea player ratings Jason Puncheon: 7 out of 10 The most likely to make something happen for Palace, he was let down by his teammates' finishing. 2016 Getty Images Crystal Palace vs Chelsea player ratings Wilfried Zaha: 5 out of 10 Frustrated down the flank, his crossing and shooting lacked assertiveness. 2015 Getty Images Crystal Palace vs Chelsea player ratings Lee Chung-Yong: 5 out of 10 Tidy in possession, but his final ball was often inaccurate. 2016 Getty Images Crystal Palace vs Chelsea player ratings Fraizer Campbell: 5 out of 10 His manager wants a striker this transfer window, and this performance will not convince him otherwise. 2016 Getty Images Crystal Palace vs Chelsea player ratings Thibaut Courtois: 6 out of 10 Had little to do in facing Palace's makeshift attack. Crystal Palace vs Chelsea player ratings Branislav Ivanovic: 6 out of 10 Uncompromising in his defensive duel with Zaha. 2015 Getty Images Crystal Palace vs Chelsea player ratings Kurt Zouma: 8 out of 10 Made some crucial first-half interceptions as Palace threatened to counter. Crystal Palace vs Chelsea player ratings John Terry: 7 out of 10 Utilised all of his experience to marshal his team to victory. 7 2016 Getty Images Crystal Palace vs Chelsea player ratings Cesar Azpilicueta: 7 out of 10 A tidy performance at left-back where he showed a new willingness to get forward. Crystal Palace vs Chelsea player ratings Cesc Fabregas: 8 out of 10 Demonstrated his true ability at times, most notably with a lovely through ball in the build-up to Oscar's opener. 2016 Getty Images Crystal Palace vs Chelsea player ratings John Obi Mikel: 7 out of 10 Fortunate to escape a red card, let alone a yellow, but displayed his usual positional discipline to full effect. 2016 Getty Images Crystal Palace vs Chelsea player ratings Willian: 9 out of 10 A very good performance that sparked into a great one during ten second half minutes in which he scored one and made one. Crystal Palace vs Chelsea player ratings Oscar: 8 out of 10 A continual nuisance in and around the Palace box, he set Chelsea on their way to success. 8 2016 Getty Images Crystal Palace vs Chelsea player ratings Eden Hazard: 5 out of 10 Lasted just 16 minutes in what was one of his better performances this season. 5 2016 Getty Images Crystal Palace vs Chelsea player ratings Diego Costa: 9 out of 10 Showed rare maturity in dealing both with Delaney's physical presence, and setting up the first goal. Deserved his when it came. 2016 Getty Images Crystal Palace vs Chelsea player ratings Best off the bench: Pedro 7 out of 10 Replaced Hazard, and immediately showed an attacking intent. GETTY IMAGES

Conte recently opened up about Loftus-Cheek’s place in the Chelsea squad. “I'm sure that Ruben has great potential," he said earlier this week.

"I think it's important to show this, to improve a lot on different aspects. Now he's in our squad. This season, he had a few injuries.

"But now he's in good form and I count on him.