New Chelsea owner Todd Boehly is prepared to spend big in his first summer market.

The American billionaire was officially confirmed as the successor to Roman Abramovich on Saturday and was in the stands to watch Chelsea draw 2-2 with Wolves, and he is now mapping out his transfer plans for when he is rubber-stamped as the club's next owner.

The London Evening Standard says Boehly - who also owns the LA Dogers baseball team - hopes to make 'heavy investment' this summer to bolster Chelsea's transfer business, amid fears the club have been left behind after months of crippling sanctions.

With 'serious concerns' that the club have been playing 'catch-up' after being prevented from signing new players amid their financial restriction in recent months, that desire to strengthen has only increased