Chelsea have agreed the biggest sleeve sponsorship deal in the Premier League worth £50 million.
The Times reports that the club have struck a deal with Hyundai ready for next season that will run alongside their current sponsor Yokohama Tyres.
Shirt sponsors are becoming the latest trend among Premier League sides with clubs looking to maximise their income with every opportunity.
The deal with Yokohama is said to be worth around £200 million a season.
Manchester City currently hold a deal with Nexen Tire but it is reportedly only valued at £25 million, while Arsenal and Manchester United are also both considering taking up a sleeve sponsor.
The added income will be a timely boost for the Blues, who look set to miss out on Champions League football next season.
Chelsea will be in the Europa League but will miss out on the financial boosts that come with playing in the Champions League.
Chelsea to pick new manager in a bid to keep star player happy
Chelsea hope to appoint a more attack-minded manager this summer in a bid to keep Eden Hazard at the club.
The Telegraph reports that the Blues are concerned about the prospect of losing the Belgian this summer following his relationship becoming strained with head coach Antonio Conte.
The Italian is widely expected to leave the club this summer and the Blues are considering both Luis Enrique and Maurizio Sarri, who they believe are more attacking coaches.
Chelsea are bracing themselves for a season without Champions League football and that could mean losing their star players.
Real Madrid have been long-term admirers of Hazard, but Zinedine Zidane’s side are being heavily linked with a move for Neymar, which could keep the attacker at Stamford Bridge for the time being.
Despite the lack of Champions League football, Chelsea hope that Hazard would sign a new deal at the club if the right appointment is made.