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With the January transfer window quickly approaching, we take a look at the business that may be conducted by some of the top clubs in Europe. Here's a look at Chelsea FC..


This Season's Stats
                  Premier League: 3rd
Champions League: Group Stages(Eliminated)
Europa League: Round of 32
FA Cup: Third round
Capital One Cup: Semi-finals
FIFA CWC: Runner-Up
Games: 29
Won: 15
Lost: 8
Drawn: 6
Win %: 51.72%
GF: 66
GA: 41
GF ratio: 2.60
GA ratio: 1.62

Their Season So Far

It has been a disappointing season so far for Chelsea, who ended last season as the Champions of Europe. The Blues find themselves out of the Champions League, 13 points behind leaders Manchester United in the league and have suffered disappointing defeats in the Super Cup, Community Shield and Club World Cup.

A lot was expected of Chelsea this season who spend more than £70 million in the summer by signing the likes of Eden Hazard, Oscar, Marko Marin, Cesar Azpilicueta and Victor Moses but the Blues have failed to deliver on a regular basis. Chelsea started off the season on a high defeating the likes of Arsenal and Tottenham Hotspur away from home but defeats in key games have lowered the morale of the squad who exited the Champions League in the group stages for the first time in the Roman Abramovich era and became the first defending champions to do so as well.


Chelsea have failed to live upto expectations

The club has yet again seen a change in manager, as Roberto Di Matteo became Chelsea's eighth manager to be sacked by Abramovich. Di Matteo was replaced by ex-Liverpool manager Rafa Benitez. Last season Di Matteo guided the club to Champions League and FA Cup victories but a run of bad results cost him his job. New manager Rafa Benitez has hardly been accepted by the fans and with a disappointing defeat in the Club World Cup final to Corinthians things are not looking bright for Chelsea this season although their 5-1 away win against Leeds United in the Capital One Cup has given them something to be cheerful about during the festive period.

What They Need

After losing Didier Drogba at the start of the season to Chinese club Shanghai Shenhua, the pressure was on Fernando Torres to repay the £50 million the club paid for his transfer back in 2011, but the Spaniard has failed to deliver consistently. Although Torres has found the net 13 times this season, his goals have hardly been of any significance. Chelsea's lack of options up front has been one of the key reasons for their downfall with Fernando Torres the only fit striker in the squad presently. Daniel Sturridge meanwhile was never given a consistent run in the side, and seems to be on his way out.

Chelsea need to add a new striker

Another key area where Chelsea have been lacking is the presence of a midfielder capable of playing as a pivot in the centre of the park to win the ball back and start attacks from deep for the Blues. Frank Lampard's return has hardly improved Chelsea's midfield conditions, as the England midfielder is finding it hard trying to settle in his new role and although the manager has tried Oscar and David Luiz in that position, neither look like a long-term fix for that role. Oriol Romeu's injury has come as a major blow for Rafa Benitez who only has three midfielders to pick from. With John Obi Mikel set to leave for the African Cup of Nations next year, Benitez desperately needs to sign a new defensive midfielder.


Prime Targets

Radamel Falcao:

Is Falcao the answer to Chelsea's worries?

Radamel
Falcao is without doubt one of the best forwards in the world today. The Atletico Madrid star destroyed Chelsea when the two sides met back in September for the Super Cup Final, which Atletico won 4-1. Falcao currently has a £48 million release-clause and seeing Chelsea's lack of option up front with Romelu Lukaku on loan, Daniel Sturridge rumored to leave for Liverpool and Fernando Torres's indifferent form, Roman Abramovich might just shell out for the Colombian.


Video: Falcao to Chelsea discussion

Falcao has scored 17 goals in 15 league games this season, most recently against Barcelona last week. The Blues along with numerous other big clubs have been behind Falcao for a long time now, but seeing Chelsea's desperate need for a new forward it could see them win the race for for his signature.

Demba Ba:

Demba Ba-A proven goal scorer

The Senegalese forward has been a transfer target for a number of Premier League clubs. With 11 goals this season it seems like the forward has re-discovered his lost form from last season. Demba Ba has a release clause of £7.5 million and can be a good acquisition for the Blues.

The striker will provide a different dimension to Chelsea's attack, which the Blues have missed on a number of occasions this season. Ba is a terrific player upfront as well as a proven goal scorer in the Premier League and with decent Premier League experience under his belt, he can be the answer to Chelsea's attacking woes if they fail to land Falcao.

Marouane Fellaini:

 Fellaini- Ideal replacement for Lampard?

The Belgian has been a transfer target for a number of big clubs including Chelsea. For all the bevy of attacking midfield talent in that Chelsea squad, they still lack a dominant force in the central midfield to hold things together. The Belgian's ability to play multiple roles in midfield is one of the key reasons why he can be a valuable addition to any side.

Rafa Benitez who is a great organizer, knows his side lacks a central midfielder with Romeu out for the season and both Lampard and Ramires failing to live up to their expectations. Chelsea's midfield has been dominated on a number of occasions this season which is one of the main reasons for their bad form and with Lampard's future looking in doubt, Fellaini could be the ideal replacement Chelsea need.

Paulinho

The Brazilian is another player rumored to be on Chelsea's wish list. Paulinho dominated Chelsea when the two sides met in Japan few weeks ago which saw his present side Corinthians triumph. The 24 year old midfielder played a key part in Corinthians's Copa Libertadores victory back in July and since then has been a regular face in the Brazilian national side as well.


Who Could Leave


Daniel Sturridge is the only player that might leave the club in the January window. It is rumored that Liverpool have put a deal in place with Chelsea for the striker, who has fallen out of favour with the London club. He has made only seven league appearances for Chelsea this season, scoring one league goal against Tottenham in October. Liverpool manager Brendan Rodgers tried to sign Sturridge back in August on a loan move but the player rejected the offer as he wanted a permanent transfer.

The England striker made his last league appearance in a 2-1 defeat over West Bromwich Albion which was also Roberto Di Matteo's last game incharge of the Blues in the league. The forward has not featured since new manager Rafa Benitez has taken over due to a hamstring injury and has scored only 2 goals this season.


Who do you think Chelsea should sign? Leave your comments below or discuss with the writer on Twitter @ShikharrC.

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