Chelsea will hand manager Frank Lampard £150m to spend when the club’s transfer ban is lifted, according to the Daily Telegraph. The club’s appeal to the Court of Arbitration for Sport will be heard later this month, and if the Blues are successful, they could start splashing the cash in January.

The London club will reportedly go after five transfer targets in total. Borussia Dortmund’s Jadon Sancho, Lyon forward Moussa Dembele, Leicester City’s Ben Chilwell, Crystal Palace’s Wilfried Zaha and Bournemouth’s Nathan Ake are all on the watchlist.

With Zaha likely to cost in excess of £80m and Sancho priced at around £100m, Chelsea’s transfer kitty won’t stretch to signing all five players, but Lampard has said he will spend if the right player comes available.

The Blues do have a £40m buyback clause on Ake so he would be the easiest signing to pull off, but Chilwell is not likely to be available until the summer.