The Blues lodged an £18 million bid for the Anderlecht youngster and are hoping to have a deal tied up before the transfer window closes.
Since making is debut as a 16-year-old in 2009 Lukaku has been destined for a big move to one of Europe’s biggest clubs.
A move to Stamford Bridge would fulfil a lifelong ambition for the 18-year-old who has been labelled the next Didier Drogba.
He has made no secret of his desire to join the Blues and it appears his dream may be about to come true.
General manager at the Belgian side Herman van Holsbeeck met with Chelsea officials on Saturday to negotiate a deal for the striker.
Its reported that a fee has been agreed and that Lukaku’s agent Christophe Henroty will discuss personal terms with Chelsea.
If the deal does go through he will be new boss Andre Villas-Boas’ second signing of the transfer window after Genk keeper Thibaut Courtois.
The impending arrival of the powerfully built striker will also raise question marks over the future of aging duo Didier Drogba and Nicolas Anelka with the latter in the final year of his contract.