Crystal Palace have failed with a massive offer for Chelsea fullback Reece James.
The Independent says Chelsea have turned down a 25million bid from Palace for James.
James impressed while on loan at Championship outfit Wigan last year and could make a run for the Chelsea first team this season.
Given Chelsea's transfer ban, which will also carry through to the winter window, Frank Lampard will be keen to keep all the talent he has at his disposal.
Chelsea have also knocked back an offer of an 18-month loan deal from Palace, who are looking to fill the rather sizeable void left by Aaron Wan-Bissaka's transfer to Manchester United this summer.
