The Blues offered £46m (€60m) for Mkhitaryan last summer but were knocked back by the German giants, according to the

They are set to go back in for the Armenia international and claim a ‘majestic cash offer’ is ready to be launched.

Mkhitaryan has enjoyed a phenomenal season for Dortmund, scoring 23 goals and creating a further 32 in 51 appearances.

However, Chelsea face competition from Arsenal for the 27-year-old.

Arsene Wenger reportedly views Mkhitaryan as a potential replacement for Alexis Sanchez with doubts surfacing over the Chilean’s future.

Arsenal are willing to meet his £8m-per-season contract demands after tracking his progress.

Italian champions Juventus are also keen on Mkhitaryan, who is about to enter the final 12 months of his contract.