European champions Chelsea continue to be active in the summer transfer market despite having already spent close to £40mn on signing Belgian playmaker Eden Hazard from Ligue 1 club Lille and German midfielder Marko Marin from Bundesliga side Werder Bremen.

In addition, the Blues have also been linked with FC Porto's Brazilian striker Hulk (£40mn), Spanish club Malaga's Venezuelan forward Jose Rondon (£20mn), Fulham's Belgian striker Moussa Dembele (£10mn), Atletico Madrid's Colombian striker Radamel Falcao (£50mn), Ajax right back Gregory van der Wiel and Bayer Leverkusen's German international Andre Schürrle.

The whole campaign is aimed at a summer revamp of the Stamford Bridge side, which, as the Guardian noted, began with the signing of Hazard. The revamp, though, seems far from over.

Roman Abramovich has seen the club lose a talismanic and powerful centre forward in Ivorian international in Didier Drogba and although they do have other high-profile options, most notably £50mn Spanish striker Fernando Torres, the yawning gap Drogba will leave will take a particularly special player to fill. The Russian billionaire now thinks he has found that man - Italian Serie A club Fiorentina's Montenegrin striker Stevan Jovetic.

The Daily Mail, however, reports the Italians were less than impressed with an initial offer of £20mn for their star player and are holding out for a significantly larger sum. Meanwhile, reports in Italian newspaper La Gazetta dello Sport indicate Jovetic has a release clause in his contract that lies in the region of £25mn. This means financially there seems little to stop Chelsea from moving for their man. Meanwhile, Chelsea are not the only sides interested in the 22 old youngster, with Italian champions Juventus and Napoli also sniffing about. Release clauses aside, Fiorentina have, ESPN reports, told Chelsea Jovetic is not for sale and the fact that the Montenegrin has a contract till 2016 puts them in a strong position.

"In relation to the stories published in the press regarding Stevan Jovetic, Fiorentina owner Andrea Della Valle reiterates that the player is not on the market," a statement from the club's official Web site read.

This has not been a week of only good news for manager Roberto Di Matteo's side. An earlier IBTimes UK report spoke about former Montpellier forward Olivier Giroud transferring to Arsene Wenger's Arsenal for a sum of £13mn and afterwards revealing he turned down a move to Chelsea.