Chelsea board are planning to hand Frank Lampard more than £150million to spend on new recruits in the summer with Jadon Sancho and Moussa Dembele at the top of their list of targets. Chelsea were initially banned from making any signings in January but that was lifted after an appeal to the Court of Arbitration for Sport.

It meant Chelsea were able to enter the transfer market for the first time since January last year having been unable to bring anybody in last summer.

Lampard had previously indicated his desire to spend some money for fresh new faces to come in and bolster the club’s chances of finishing in the top four.

A new striker appeared to be the priority with moves for the likes of Edinson Cavani, Dries Mertens and Timo Werner.

The need to bring in another forward was highlighted even more when Tammy Abraham picked up a small knock with the Blues winning just three games this year when the England international hasn’t played a part in a goal.

But the transfer window closed with no first-team incomings much to the frustration of Lampard. The Chelsea boss’ anguish was made clear in his short and sharp press conference before Saturday’s draw at Leicester.

The Chelsea board are eager to rectify the situation this summer though with the Evening Standard reporting Lampard will be given transfer funds in excess of £150m to bring in new recruits. It is claimed Lyon forward Moussa Dembele is Chelsea’s No 1 priority heading into the summer and a deal could cost little over £60m.