Todd Boehly and Mark Walter are in discussions to sell their respective stakes in Chelsea to majority shareholders Clearlake Capital, according to reports.

Clearlake currently holds 61.5 per cent of the club, while Boehly, Walter, and Hansjorg Wyss each hold a 12.8 per cent share. Clearlake's co-founders Behdad Eghbali and Jose Feliciano effectively run the club's operations, despite Boehly holding the title of chairman.

Boehly was the prominent public face of the consortium that completed the £2.5 billion acquisition of Chelsea four years ago, one of the most high-profile takeovers in Premier League history.

Further details are expected to follow as the situation develops.