Liverpool are now reported to be leading the chase for Town youngster Andre Dozzell.
According to the Daily Mirror the Reds have already held talks with the Blues regarding the 16-year-old, who is also interesting Arsenal, Tottenham and West Ham United.
The Mirror reports that the Blues would receive compensation of around £1.5 million if the England U17 international were to move on.
Academy scholar Dozzell, the son of former Town and Spurs midfielder Jason, has agreed a two-year professional deal with the Blues which will be formalised when he turns 17 on May 2nd.
Speaking to TWTD after links with Tottenham and Arsenal last month, father Jason said he believes Portman Road is the best place for his son, who featured for the U21s against Sheffield Wednesday last night, at this stage of his career, comments he reiterated on Saturday's Life's a Pitch on Radio Suffolk.
"Experience tells me that paper talk is paper talk,” he told TWTD. "There’s a big difference between someone having interest and putting a cheque on the table. As far as I’m concerned it’s nothing.”
He added: "Ipswich is the best place for him. He’s obviously been on the bench, he’s close, the manager likes him. His pathway at the moment is Ipswich Town.
"If he goes to a big club his pathway would be blocked, there will be a lot more players, a lot more better players, I would imagine.
"All you can ask for is to be close to the first team. I thought it would happen next year but it’s happening this year.
"I’m happy with the way he’s progressing, I’m happy with how they’re looking after him as a parent and that’s all you can ask for really."