Chelsea have ended their interest in Lille goalkeeper Mike Maignan with the Frenchman reportedly unhappy that a deal was not completed sooner.
The Blues are keen to sign another stopper this summer to provide some competition for the inconsistent Kepa Arrizabalaga.
And Frank Lampard identified the 25-year-old as a potential transfer target, along with Jan Oblak and Edouard Mendy.
However, Lille wanted £32million for Maignan, more than the £22m that the Premier League side were willing to pay.
As a result, the club pulled out of negotiations to concentrate on other available goalkeepers.
It is claimed that Maignan wanted the deal to go through and was left angry that a transfer was not coveted before he joined up with the France squad for this weekend's game against Sweden in the Nations League.
Chelsea have now turned their interest to Rennes goalkeeper Mendy and think they can sign him for a similar price to the one they were willing to pay for Maignan.
Blues technical director Petr Cech has close ties to the French side and it is hopeful that all parties can reach an agreement.
Should they land Mendy it would take Chelsea’s summer spending to close to £250m after an unbelievable summer of recruitment.
Hakim Ziyech, Timo Werner and Ben Chilwell have already arrived and the imminent signing of Kai Havertz amounts to £230m.
Thiago Silva and Malang Sarr have also been signed on free transfers and signing Mendy could push up the figure to more than £250m.
There are six more weeks before the market closes and there are live targets still in play such as Declan Rice at West Ham.
While the spending spree sounds extravagant, it has been coming with the Blues not being active in previous transfer windows.
They did not spend at all in January and, last summer, under a FIFA ban, could only convert loan signing Mateo Kovacic into a £40m move.