Morata is the number one target for both sides this summer, with alternatives including Borussia Dortmund striker Pierre-Emerick Aubameyang and Torino striker Andrea Belotti.
Reports in England claim that Milan are set to sit down with Dortmund to discuss a deal for Aubameyang, though their number one target is still Morata.
Morata has been heavily linked with a move away from the Bernabeu this summer,with Manchester United looking his most likely destination before they completed their move for Belgian Romelu Lukaku.
Milan have been very active this summer, with Juventus defender Leonardo Bonucci their latest transfer breakthrough.
Chelsea are desperate to bring in a striker this summer, with Diego Costa expected to leave the club before the transfer window shuts.
The Blues had been linked with a sensational move for Manchester City striker Sergio Aguero, though it is understood that City told them that the Argentine was not for sale.
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