According to Goal, Chelsea won’t pursue any big money signing after the completion of deals for RB Leipzig striker Timo Werner and Leicester City left-back Ben Chilwell.
This means the Blues will end interest in Sancho, paving the way for the winger to join Premier League rivals Manchester United.
Meanwhile, Sancho revealed last year he looked up to Frank Lampard and Didier Drogba while growing up.
He told The Independent: “Ronaldinho was the main guy I used to watch on YouTube.
“But I liked Frank Lampard quite a lot and Didier Drogba when they were playing for Chelsea.
“They were the three players I looked up to.”