CHELSEA TRANSFER NEWS: Willian, Hazard, Alex, Torres and Drogba Involved in Rumours

The January transfer period is almost a week away from closing, and Chelsea may be in need for some changes.

Andre Villas-Boas's squad are currently in fourth-place in the Premier League, but local rival Arsenal are likely to rebound from their current slump. Chelsea still have plenty of matches left on the season to climb the table and finish ahead of Tottenham, and perhaps challenge for a second-place spot.

There have been no shortage of possible additions to Stamford Bridge in recent days, as the Blues consider reinforcements.

Willian, of Shakhtar Donetsk, will be available to Chelsea for £28 million, according to Daily Mail. The 23-year-old midfielder was receiving interested from the Blues over the summer, but Villas-Boas appears to be less interested in the Brazilian considering his lack of availability, and perhaps a rather steep valuation.

Willian is a very interesting player, but he is cup tied in the Champions League, Villas-Boas said, according to ESPN. I don't think we should go for players who cannot be involved in all the competitions.

We are not stressed regarding what we can do in this transfer window. If a good opportunity arises we could study it but, at the moment, we are very satisfied.

With Willian perhaps out of the picture until at least the summer, the Blues have been monitoring Eden Hazard, according to The People. The 21-year-old Belgian was been the subject of intense speculation over the summer as Chelsea, Arsenal, Real Madrid, and several other big-name clubs had shown interest in the playmaker.

At the moment, it appears that Chelsea will battle with Manchester United for Hazard's services. A gifted dribbler and passer, the young Lille star may not make a move until the summer, and has a valuation of roughly £25 million.

While Chelsea appear to have a midfielder in mind after adding centre back Gary Cahill, the Blues have also shown interest in unloading players on their squad, as well.

Defender Alex is expected to garner an improved bid of £3.5 million from Queens Park Rangers, according to The Guardian. The 29-year-old centre back immediately became expendable following Cahill's arrival, and has been limited this season.

According to the Daily Mail, former manager and current Paris Saint-Germain boss Carlo Ancelotti recently revealed he has been offered to bid on Fernando Torres. There is no word as to how much the Blues can expect for the out-of-form forward, but it's possible that Torres could move on to the French club because of his connection to Ancelotti.

Didier Drogba appears to be staying at Stamford Bridge until the end of the season, despite being linked to Queens Park Rangers and Shanghai Shenhua. The 33-year-old striker told France Football that his departure from Chelsea would be not before next June.''