Despite Andre Villas-Boas' claims that they are not desperate for reinforcements up front, the Blues are set to offer an improved deal for the Anderlecht star.
Chelsea have already bid ?18million for Lukaku but they are willing to up that cash offer, as well as raising the surprise possibility of Daniel Sturridge joining on loan.
Powerhouse: Lukaku has incredible athletic and physical ability for his age
Sportsmail revealed on Saturday that Anderlecht general manager Herman van Holsbeeck was in London for talks with Chelsea about a fee for a player dubbed the new Didier Drogba.
The negotiations led to an opening offer that should clear the way for the 18-year-old to fulfil a lifelong ambition.
Sources close to Anderlecht believe abid will soon be accepted and that Lukaku's agent Christophe Henrotay will begin talks over personal terms, which should be a formality, after the powerfully built star made no secret of his wish to join Chelsea.
Luk-y guy: Belgian teen sensation Lukaku is a target for Chelsea
Lukaku's capture will raise questionsover the futures of Drogba and Nicolas Anelka, although both seem keen to stay for another season at least.
Anelka has confirmed he plans to run down the final year of his contract rather than leave this summer. It is unclear how Villas-Boas will accommodate all his strikers given the wealth of talent at his disposal.
When asked about Kukaku, he said: 'Hehad a magnificent season in Belgium but I can't comment on the? speculation. Let's wait and see if it becomes a reality.
Belgian dip: Chelsea have already signed Lukaku's compatriot Thibaut Courtois this summer
'On the decision to bring in another forward, at the moment, I don't think we need to.'
Sturridge accepting a proposed loan move to Belgium remains unlikely. After impressing on loan at Bolton last season, he is now desperate for regular first-team football.
But with Euro 2012 approaching on thehorizon, he is likely to want to join another Barclays Premier League side in order to catch the eye of Fabio Capello.
?Chelsea make ?18m move for Lukaku with Belgian sensation on verge of Blues moveChelsea in talks over ?18m move for Anderlecht striker LukakuWith a little bit of luck! Chelsea keen to finalise deal for striking sensation LukakuEXCLUSIVE: Chelsea to meet with Anderlecht as Lukaku deal nears completion
Source: Daily Mail
Source: Daily Mail