Oscar is poised to land a staggering £400,000-a-week in the Far East, making him the third highest-paid player in the world behind Lionel Messi and Cristiano Ronaldo. The Brazil worldwide told Globo that the move is "90 percent" done.
It is a situation that encapsulates the globalisation of top-class football in the 21 century: the sale of Brazilian midfielders to China is promising to have a transformative effect on the financial performance of a West London club controlled by a Russian businessman. The truly massive deal, both in terms of the moneys involved and the impact it could make at either Chelsea or SIPG, is only missing a final few bureaucratic details.
Asked whether or not Oscar had travelled to China to finalise his move, Conte added: "For now, he is here". Can you blame him? The desire for more playing time is one of the reasons for Oscar's decision to leave Stamford Bridge.
Conte allowed Juan Cuadrado to move to Juventus on loan, but chose to keep hold of Oscar.
The league leaders' iconic but ageing captain John Terry, who is out injured and like Oscar not first choice, has also been linked with a move to China, where teams are snapping up foreign players on mammoth wages.
As majority owners of the Port Authority who fund SIPG who in turn own the football club, the Shanghai government is hoping to use Oscar and signings like him to continue to advertise the city, especially as their Formula 1 contract is expected to end next spring.
Fabregas has appeared in only seven Premier League matches this season - starting just three of them - but he has thrived recently and hit out at his critics on Thursday.
They say the 29-year-old is subject of interest from the league but a January deal will not be considered.