Chelsea prepare £64m spending spree?

Chelsea are reportedly planning a £64m triple swoop for Newcastle United duo Cheick Tiote and Tim Krul as well as Porto forward Hulk.

Hulk, 25, has an £85m buy-out clause in his contract, but it is understood that Chelsea believe that they can secure the Brazilian for a figure of £34m.

Tiote, 25, and Krul, 23, meanwhile, have been openly courted by a number of Premier League clubs this season, with the Magpies sitting sixth in the table.

The duo could cost in the region of £30m, according to The Mirror, as Chelsea owner Roman Abramovich looks to rebuild an ageing squad.

Chelsea travel to Manchester City in the Premier League on Wednesday.