Standard Sport understands that the 21-year-old is Mauricio Pochettino's key midfield goal this summer time, and Chelsea are prepared to spend large to land the younger Ecuadorian.
Brighton are holding out for £100million, which Chelsea is not going to pay, forward of additional talks over the approaching days.
Caicedo was additionally the topic of two rejected bids from Arsenal in January and, with Chelsea now the clear frontrunners for his signature, the midfielder is flattered by the switch hypothesis surrounding his future.
"It's a very great emotion," he instructed Maria Jose Flores. "What guy wouldn't want them to be talking about him?
"I understand how to deal with it. I do not get carried away by feelings. I'm having fun with time with my household for now. There is strain, however I'm calm.
"I am waiting for whatever God decides. He willl know what is best for me."
Chelsea have already snapped up Paez from Ecuador, a signing which has impressed Caicedo.
"Kendry is a star," Caicedo admitted. "Watching him play is a pleasure.
"It's good to see these skills in Ecuador. We know that we've good youth. I'm very joyful for him, for the whole lot he's doing, for the way he's working. May he proceed on the fitting path and go far. He has the expertise."
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