Real Madrid manager Jose Mourinho has reportedly all but finalised a return to Chelsea, while Atletico Madrid star Radamel Falcao is expected to be his first signing this summer.

The Portuguese coach has been heavily linked with a return to Stamford Bridge after the ex-Inter Milan boss confirmed that he will discuss his future with Madrid at the end of the season.

It is understood that the 50-year-old will lead the Blues next season for a second term, with club owner Roman Abramovich ready to spend big money on prolific forward Falcao, according to Bild.

Reports have claimed that the Colombian star has a release clause in his contract worth £52m.