The Mirror reports that the Blues are assessing the possibility of bringing the former Argentina international to West London, should Chelsea’s poor form continue.
The club have endured an abysmal start to the Premier League season, the 3-1 home defeat to Southampton last time out left Mourinho’s men languishing in 16th in the table, having taken just eight points from as many games.
Atleti, meanwhile, sit fifth in La Liga, having earned a draw with Mourinho’s former club Real Madrid in last weekend’s derby at the Vicente Calderon.
Simeone has enjoyed a glittering four-year spell in charge of Los Colchoneros, claiming the 2011/12 Europa League title and the 2012/13 Copa del Rey on top of 2013/14’s La Liga winning campaign.
Chelsea will have to pay big bucks to prize the Argentine away from the Spanish capital, however, thanks to his £15million buy-out clause.