During the first half of the summer transfer window, owners Todd Boehly and Clearlake Capital have had to place their focus on balancing the books at Stamford Bridge.
As it stands, 11 players from last season's squad are no longer present at Stamford Bridge, that being offset by just two senior arrivals in Christopher Nkunku and Nicolas Jackson.
Nevertheless, with further headway with regards to FFP criteria expected to occur in due course, Chelsea are in a position where they can attempt to strengthen the centre of their midfield.
With N'Golo Kante, Mateo Kovacic, Ruben Loftus-Cheek and Mason Mount all moving elsewhere, that has become a priority position for newly-appointed head coach Mauricio Pochettino.
The West Londoners are known to be eager to secure a deal for Caicedo as soon as possible, the clubs currently in discussions over an eventual fee for the Ecuador international.
As it stands, it appears that there is an impasse, Brighton currently looking for a figure close to £100m and Chelsea yet to go close to that figure.
However, according to transfer expert Fabrizio Romano on Twitter, Chelsea plan to lodge an improved proposal at some point over the coming days.
Chelsea allegedly intend to offer more than £70m as a fixed fee, with add-ons likely to be included in any bid, leaving Brighton to consider their position.
Head coach Roberto De Zerbi is said to have a pact with Caicedo that he can leave the Europa League qualifiers this summer, providing that Brighton receive their desired fee.
Caicedo has already publicly acknowledged that he would 'not be able to say no' if Chelsea were able to agree
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