Chelsea are ready to offer Conor Gallagher plus £40million in cash for Brighton midfielder Moises Caicedo, according to the Mirror.

The report states: “Chelsea are prepared to offer Conor Gallagher in part-exchange for top midfield target Moises Caicedo. The Brighton star is also wanted by former Stamford Bridge boss Thomas Tuchel at Bayern Munich.

“And the fact the Seagulls want around £100m for him is problematic for Chelsea, who have to cut a lot of fat from the squad both in terms of its size and the cost to them in wages.

“They are walking a Financial FairPlay tightrope and can’t do that kind of deal without structuring it in a certain way. That way, as far as Caicedo is concerned, would be offering England midfielder Gallagher and £40m in cash to Brighton.

“Roberto De Zerbi is understood to be open to taking Gallagher as he is seen as a ready-made replacement for Alexis Mac Allister, who has joined Liverpool. Gallagher has been unable to nail down a regular spot at the Blues despite several productive loan spells away.”