Chelsea are contemplating the possibility of offloading Reece James and Conor Gallagher.

Chelsea are reportedly aiming to raise £100 million through player sales in order to improve their Financial Fair Play position. According to The Times, the club is willing to sell Reece James and Conor Gallagher, with James alone said to be worth £60 million. Chelsea’s excessive spending since the Clearlake Capital-led takeover in 2022 has put them at risk of breaching the Premier League’s Profitability and Sustainability Rules. This has led to the planned sale of homegrown players, such as James and Gallagher, before June 30. By doing so, the club can treat their transfer fees as player trading profit in their 2023-24 accounts. The aim is to generate additional revenue and avoid surpassing the league’s £105 million limit on allowable losses over a three-year period.

Reece James, who is under contract until 2028, has played more games for Chelsea than any other player in Mauricio Pochettino’s squad. The club’s hierarchy has set a target transfer fee of £60 million for him. Conor Gallagher, on the other hand, has attracted interest from several Premier League clubs, including West Ham United and Tottenham Hotspur. The 24-year-old’s current contract expires in the summer of 2025, and Chelsea face the risk of losing him as a free agent if they fail to agree on a sale or a new deal.

Leeds United are reportedly interested in re-signing Kalvin Phillips if they secure promotion to the Premier League. Phillips left Leeds for Manchester City in 2022 for a £42 million fee but has struggled for game time under Pep Guardiola. His loan spell at West Ham since January has also been criticized. Leeds now want to offer the 28-year-old midfielder a chance to rebuild his career and believe City would be willing to do business for around £30 million. However, City’s interest in Hammers midfielder Lucas Paqueta could complicate the deal, as they would like to use Phillips as a makeweight in the summer.

Sporting striker Viktor Gyokeres, who has been linked with Arsenal and Chelsea, may come with an increased release clause. The Sweden international has been in impressive form since his move from Coventry last summer, scoring 36 goals and providing 14 assists in 40 games. Sporting are determined to secure a bigger fee for the 25-year-old, and his agents have reportedly traveled to Lisbon to discuss a deal that would raise his release clause. Arsenal is currently leading the race to sign Gyokeres, but Chelsea is hoping to tempt him to Stamford Bridge. Sporting is fully aware that a record sale is on the cards for the summer transfer window, and it is expected that his price tag will increase from the previous €50 million (£43 million).