The Blues are expected to be in the market for a new forward, and the club have been strongly linked with a move for Haaland.
The 20-year-old Norwegian is said to be a target for a number of European clubs, though, and the west Londoners are thought to be putting together a list of potential alternatives.
According to Corriere Granata, Chelsea are among four Premier League clubs weighing up a summer move for the 27-year-old Italian, who is also said to be a target for Tottenham Hotspur, Everton and Manchester United.
The striker has scored 11 goals in 26 Serie A appearances during the 2020-21 campaign.
Belotti only has a little over 12 months remaining on his contract, meaning that he could be available for a cut-price fee this summer.