The Blues and Paris Saint-Germain have not agrred on £56m bid.
Marcos Alonso is one player Chelsea are willing to part with to strike a deal, while according to Sky Sports which claims Emerson Palmieri, Andreas Christensen and Davide Zappacosta could also be used.
Gazzette dello Sport say Loftus-Cheek, 25, is the latest name to be thrown in the mix.
Injuries have plagued the midfielder and he scored once in 33 appearances on loan for Fulham last season.
Loftus-Cheek’s 17-year stay at Chelsea looks set to come to an end having joined the academy in 2004.
Lazio boss Maurizo Sarri has also been linked with a move for his former star, who he regularly played during his one-year Stamford Bridge spell.
Inter signed Hakimi for £34m from Real Madrid last summer following two successful seasons on loan at Borussia Dortmund.
Hakimi, who can play at right-back or right wing-back scored seven goals in 45 appearances last season.