Spaniard could replace Gonzalo Higuain at the Serie A giants.
Enrique Cerezo says La Liga side are not going to sign more players following Kevin Gameiro's arrival.
Diego Costa set to return from back injury as speculation swells over his future.
Lukaku scored 18 goals in the last season with Everton.
The 23-year-old is reportedly attracting strong interest from his former employers.
Italian boss hopes to disrupt United striker's winning streak again.
Blues had a £57m offer for the Belgium international rejected by Everton over the weekend.
The Belgium international scored two goals in the 3-2 defeat to Real Madrid.
Lukaku left Chelsea in 2014 to secure a permanent move to Everton.
Ray Parlour worries Arsenal lack firepower going into the new Premier League season.
The 23-year-old earlier admitted that his future is in his agent's hands.
Belgian striker is currently playing for his country at Euro 2016 in France.
Lukaku could stay in Everton, despite his interest in playing in the Champions League.
Romelu Lukaku has revealed that he wants to leave Everton this summer.
The Belgium midfielder has spoken about speculation linking Romelu Lukaku with a return to west London.
The highly-rated Belgian striker has been linked with a host of clubs in recent months.
The sought-after striker is currently starring for Belgium at Euro 2016 in France.
Romelu Lukaku has reiterated his desire to leave Everton this summer.
The 1968 winners grab a crucial win in Group E in Lyon after a typically stubborn display.
Christian Benteke wants assurances from Jurgen Klopp over his future at Anfield.
The manager-less Toffees are braced for a window where their best players will be targeted.
The Belgium international has made a decision about his future amid "difficult" Toffees spell.