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Warning! These rumours aren't really appearing in the reputable papers yet, so treat them with the appropriate skepticism.
According to several sources, Chelsea are actually going to bid/have bid for a midfielder. The midfielder in question is Inter Milan and Colombia standout Fredy Guarin, and some reports have the Blues already having made a £10m plus incentives bid. Manchester United are also said to be involved.
A Guarin move would make some sense for Chelsea. He's a very good all-around player, and despite the return of Jose Mourinho to Stamford Bridge, our midfield has been somewhat lacking of late. Marco van Ginkel's knee injury has robbed us of one of the primary backups to Frank Lampard and Ramires, and there's definitely room to fit Guarin in at the club.
Of course, a Guarin move would make sense for United as well, and I'm not convinced that getting in a bidding war with a money-flush club over a 27-year-old is the wisest course of action. That said, we need some midfield help, and if Guarin's available there's not much harm in taking a punt.