Chelsea's co-owners are looking to buy each out amid a rift at board level.
Chairman Todd Boehly and majority owners Clearlake Capital are both prepared to take full control of the club.
Boehly has gradually lost power despite being named co-controlling owner after the club's purchase from Roman Abramovich for £2.5bn in July 2022, with Clearlake - which owns a 61.5% stake - in primary control at Stamford Bridge.
Clearlake co-founder Behdad Eghbali has become the most hands-on figure within the ownership group since Boehly stepped down as interim sporting director in January 2023.