Football Express News understands that Chelsea have agreed a fee with Atletico Madrid for the services of Filipe Luis.
Blues boss Jose Mourinho made Diego Costa a Chelsea player earlier this week from Atletico Madrid and he has now agreed a move for Filipe Luis in what has turned into a double raid on the Spanish champions.
A source close to Stamford Bridge told FEN the left-back was on the verge of joining the Blues earlier this week and is expected to put the finishing touches to his switch, with a medical planned for the end of the week.
He has travelled to the capital following a rapid deterioration in his working relationship with the La Liga champions, who made him train with the reserves when he expressed his desire to leave the club.
The 28-year-old is seen as a natural replacement for ex-England international Ashley Cole, who brought down the curtain on a trophy-laden, eight-year stint with Chelsea when he left on a free transfer last month.
Chelsea are said to have met the buy-out clause Atletico demanded for Luis following several weeks of negotiations which came close to breaking down on more than one occasion.