Chelsea are set to complete the transfer of Fiorentina's Juan Cuadrado "within the next 48 hours" with Mohamed Salah potentially going the other way on loan, club sources have told ESPN FC.
Cuadrado, 26, signed a new contract including a buyout clause worth 27 million pounds (35 million euros) last summer, which Chelsea will have to match.
Sources told ESPN FC that the London club have not yet activated the clause but have reached agreement on personal terms with the Colombian winger.
Fiorentina have completed the loan signing of Alberto Gilardino from Guangzhou Evergrande, bringing back the striker who scored 59 goals for the club between 2008 and 2012.
Gilardino, 32, has signed a short-term contract with Vincenzo Montella's side running until the end of the season, with an option to then make the move permanent in the summer.
He will provide competition to Mario Gomez as the Viola face key Serie A, Europa League and Coppa Italia games in the final four months of the campaign.
Fiorentina coach Vincenzo Montella insists his club want to keep hold of Chelsea target Juan Cuadrado, but admitted they have their hands tied if their valuation for the winger is met.
Cuadrado, 26, signed a new contract last summer, which included a buyout clause worth 35 million euros.
The Viola are not entertaining any offers below that figure -- as Chelsea have reportedly discovered -- but should that mark be reached, Montella says there is little they can do.
"He's got a buyout clause that he...