American billionaire Todd Boehly upped his consortium's original bid for Chelsea before Friday's deadline.
The Telegraph says the consortium led by Boehly "dramatically improved" their bid for the Blues just minutes before the deadline.
It's thought their initial offer was between £2billion and £2.5bn but have lodged a final bid to beat their rivals.
Although it's unclear how much the offer was, Boehly's group are said to have guaranteed certainty over the funds available to run the club.
A deal could be completed in time for Chelsea's next Premier League game against Brentford on April 2.
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