Italian news outlet Tuttomercatoweb claims the Blues will offer the Spanish giants an eye-watering £150million this summer in order to beat Manchester United to both their signatures.
Chelsea are reportedly willing to spend £150m on Gareth Bale and Raphael Varane
Bale is rumoured to be unhappy at the Santiago Bernabeu after suffering criticism from fans and pundits in Spain, with some hinting at an apparent fall-out with team-mate Cristiano Ronaldo.
Varane is also believed to be looking at other options after finding his way blocked into Carlo Ancelotti's side by Pepe and Sergio Ramos.
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