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Chelsea Transfer News: Latest Fabio Coentrao and Luiz Gustavo Rumours

Chelsea could be closing in on moves for Fabio Coentrao and Luiz Gustavo, according to fresh rumours.

As reported by Metro's Tom Olver, Coentrao is nearing an exit from the Bernabeu and Jose Mourinho is hoping to secure the left-back's services for between £10 and £15 million.

Chelsea will be boosted by the 27-year-old's insistence that he will not sign for Sporting Lisbon, who are reportedly interested in Coentrao.

When linked with Sporting, Coentrao took to Facebook to write: "Contrary to rumours that I will play for Sporting, and despite the respect I have for club, the only Portuguese club for me is Benfica.