Rafael Leao of AC Milan and Arsen Zakharyan of Dynamo Moscow are expected to join Chelsea before Thursday, according to The Times.
After Paris Saint-Germain changed its mind about selling either Lionel Messi or Neymar, Chelsea chose to pursue the two stars.
Todd Boehly, the owner of Chelsea, reportedly accepted the notion of acquiring Neymar from PSG, but was later informed the Brazilian was not for sale.
According to the article, Chelsea has since focused on other targets, including Leao and Russian Zakharyan.
Leao, a 23-year-old international for Portugal, made an impression in Italy last season and is rumored to be interested in playing in the Premier League.
As a result of his seven goals and eight assists in the previous year, Russian star Zakharyan piqued the curiosity of numerous clubs throughout Europe.