The Juventus striker had seemed odds-on to sign for AC Milan after a deal was struck between them and his representatives.
But with the two Italian clubs struggling to reach agreement on several issues, Chelsea believe there is still a glimmer of hope for them in the race for 30-year-old Higuain’s services.
The Blues are in active negotiations with Marseille to offload Olivier Giroud, only signed from Arsenal in January when Antonio Conte was manager, for a fee in the region of £20million.
They would then have the cash to match Milan’s financial package for Argentina international Higuain, despite the Italian club’s confidence that they have landed him.
We revealed two weeks ago that Chelsea are willing to cash in on fellow strikers Alvaro Morata and Giroud to land the man new boss Maurizio Sarri wants a reunion with after a prolific 2014-15 season together at Napoli.