They expect him to push to leave Arsenal and join them before the summer transfer window closes at 11pm next Thursday.
The Blues have had a £30m bid for the England midfielder turned down but are ready to go back in to try to pull off a major coup at the expense of one of their main rivals.
It comes with Oxlade-Chamberlain due for a meeting with the Gunners to thrash out his future, as he only has one year left on his current contract.
Arsenal have already offered him two new deals and still want to convince him to stay, even though he has turned down their latest offer worth £125,000-a-week.
But the 24-year-old has already held face-to-face talks with manager Arsene Wenger and told him he will not be re-signing, wants to leave and could go next year on a free transfer if necessary.
Arsenal will be acutely aware of the danger of losing Oxlade-Chamberlain for nothing in 12 months’ time when they could cash in now but are desperate not to be seen to be selling to a direct rival.
They are in a similar position with Alexis Sanchez, who is wanted by Manchester City and Pep Guardiola is determined to get him before the window shuts. It could take a bid of £70m to tempt Arsenal into parting with him now.
Mesut Ozil is also out of contract next summer and Arsenal will be reluctant to gamble on all three players’ futures, despite Wenger making it clear he does not want to sell.
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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