Chelsea are set to sign England star Steven Gerrard for a British transfer record £36m, according to reports.
Chelsea are interested in both Gerrard and Deco
The Daily Express claimed Chelsea owner Roman Abramovich has authorised the fee plus a £120,000-a-week package for the influential Liverpool midfielder.
The paper said new Anfield boss Rafael Benitez had told one leading European agent: "Let's go and find some players - I've just sold Steven Gerrard."
Chelsea have denied Damian Duff and Scott Parker will leave this summer.
There has been speculation that the midfield duo will depart Stamford Bridge to help facilitate Gerrard's arrival.
But Chelsea issued a statement on its website which said: "The club would like to make clear that both players will remain important members of its squad and team."
New Chelsea boss Jose Mourinho has made it clear he wants to work with a squad of no more than 24 players.
But the Portuguese coach, who guided Porto to the Champions League title last season, has admitted he is keen to include Gerrard in his plans.
"The only thing I can say is if he comes I will welcome him with open arms," Mourinho told BBC Radio Five Live.
If Chelsea land Gerrard they are likely to end their interest in Porto midfielder Deco.
The club have already agreed a £13.2m fee for defender Paulo Ferreira with the European champions.