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The Argentine is set to oversee somewhat of a midfield overhaul in his first summer transfer window at Stamford Bridge.
Mateo Kovacic is expected to complete a move to Manchester City for a fee worth around £34million, and Denis Zakaria's loan has expired.
Meanwhile, N'Golo Kante is destined to leave for Saudi Arabia as a free agent, and Mason Mount wants to join Manchester United.
Chelsea have reportedly pinpointed Caicedo as a prime target after his stellar season on the south coast.
According to The Athletic, Brighton rejected a £60m bid from Chelsea for the 21-year-old midfielder two weeks ago.
Chelsea want to sign Moises Caicedo. (Image: Getty)
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Pochettino is keen to add Caicedo to his ranks and form an exciting partnership with £107m signing Enzo Fernandez.
However, the report claims the Blues will refuse to overpay and have lined up a handful of other options in case they move on.
It's said that £45m-rated Arsenal target Romeo Lavia is among them ahead of his Southampton exit as a result of their Premier League relegation.
Chelsea are also eyeing Borussia Monchengladbach's Manu Kone - strongly linked with Liverpool - AC Milan's Sandro Tonali and Inter Milan's Nicolo Barella.
Arsenal reportedly want to sign Lavia, 19, on top of Declan Rice, with Mikel Arteta focusing on a midfield rebuild of his own at the Emirates Stadium.
Granit Xhaka's departure to Bayer Leverkusen leaves a void in the department, while Thomas Partey's below-par form in the run-in is a concern.
The Guardian states that Arsenal are aware it will take at least £100m to lure Rice from West Ham United.
But Arteta would be revolutionising his engine room by recruiting both the Hammers captain and Lavia in preparation for a second successive Premier League title challenge.
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