While Jorrel Hato is expected to be first-choice left-back, 28-year-old Chavarria is thought to offer good cover and experience to a side that slumped to 10th in the Premier League last season.
The Spaniard, who helped Vallecano reach the UEFA Conference League final last season, where they were beaten by Crystal Palace, is said to be keen on the move.
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And BBC Sport report that the Blues will need to nearly triple their bid, as Vallecano insist they won’t sell unless Chavarria’s £21.5m release clause is triggered.
Having been fined once again for breaking UEFA’s financial rules and with no European football this season, Chelsea must be cautious with their spending this summer.
Everton have signed Tyrique George permanently for an initial £18m (Photo: Getty)
Todd Boehly has already forked out over £100m on new signings this transfer window, but has recouped £65m by selling Cucurella and Tyrique George to Everton.
More departures may be needed to fund a move for a new centre-back, with Palace vice-captain Maxence Lacroix and Como’s Jacobo Ramon on Alonso’s shortlist.
To that end, it is also reported that the club are very much open to selling Alejandro Garnacho, just one year after his £40m switch from Manchester United.
Chelsea are open to selling Alejandro Garnacho after just one season (Photo: Getty)
The winger, who has interest from Roma, endured a miserable debut season in west London, recording just one goal and four assists in 24 Premier League appearances.
Alonso’s view on the Argentine is not known, but it is said that Chelsea will only consider selling 22-year-old permanently, with a loan exit ruled out.
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