Spanish newspaper Marca are reporting that Joaquin will sign for the Blues in January.
The Real Betis winger has being repeatedly linked with a move to the Premiership leaders and Marca are saying that it will happen within weeks.
The fee is believed to be in the region of 38m Euro or around £26m.
"I’ve heard a lot of rumours but no firm news yet, but if they are going to pay that sort of money for me then I could be leaving soon," said Joaquin.
Oh! Why we are at it, we are also linked with Porto's Carlos Alberto.