Chelsea's average salary has gone down since co-owner Todd Boehly took charge of the club.
The Blues have been criticised for huge transfer spending that has not yielded on-pitch results.
But with Chelsea mostly targeting younger players on long contracts, The Times states their wage bill is less than it was a year or two ago.
Chelsea are set to nominate Mauricio Pochettino as their head coach as soon as the season ends.
Boehly has worked hard to reduce the higher salaries the club pays by getting many high earners off the books.
Players who are up for renewal will not be given giant contracts either, which is what has led to a standoff with academy product Mason Mount.
