Salah, dubbed the ‘Egyptian Messi’, is set to fly into London and undergo a medical on Friday ahead of formally signing for Stamford Bridge club.
Liverpool had hoped to sign 21-year-old Salah this month, but Chelsea made a swift move once Manchester United's bid for Juan Mata was accepted.
Salah scored against Chelsea in the Champions League this season and was the outstanding player for the Swiss team.
He has scored 17 goals in 27 games for Egypt, but only four in the league for Basle this season.
With £37m coming in for Mata, Chelsea have not ruled out making more signings over the final week of the transfer window and could yet re-launch a bid for Inter Milan midfielder Fredy Guarin, particularly if Michael Essien leaves.
Southampton left-back Luke Shaw and Everton midfielder Ross Barkley are long-term targets for Chelsea and Mourinho.
A statement on chelseafc.com read: "Chelsea Football Club can confirm an agreement has been reached with FC Basle for the transfer of their 21-year-old attacking midfielder Mohamed Salah.
"The move is subject to the Egyptian international agreeing personal terms and completing a medical examination."
Salah was Liverpool manager Brendan Rodgers' primary January target. It now seems unlikely Rodgers will attempt to bring in anyone else before the transfer window closes at the end of the month.
"Nothing as yet," was Rodgers' response to questions about transfers in a press conference on Thursday.
"There have been targets we have looked at but there is nothing at the moment."
Rodgers also revealed full-back Glen Johnson would be out for "an indefinite amount of time" after a series of injuries that have taken their toll on the England international.
"Glen has played a lot of the season and has had a number of injuries and he has struggled and it has not allowed him to be 100 per cent," Rodgers said.
He has scored 17 goals in 27 games for Egypt, but only four in the league for Basle this season.
With £37m coming in for Mata, Chelsea have not ruled out making more signings over the final week of the transfer window and could yet re-launch a bid for Inter Milan midfielder Fredy Guarin, particularly if Michael Essien leaves.
Southampton left-back Luke Shaw and Everton midfielder Ross Barkley are long-term targets for Chelsea and Mourinho.
A statement on chelseafc.com read: "Chelsea Football Club can confirm an agreement has been reached with FC Basle for the transfer of their 21-year-old attacking midfielder Mohamed Salah.
"The move is subject to the Egyptian international agreeing personal terms and completing a medical examination."
Salah was Liverpool manager Brendan Rodgers' primary January target. It now seems unlikely Rodgers will attempt to bring in anyone else before the transfer window closes at the end of the month.
"Nothing as yet," was Rodgers' response to questions about transfers in a press conference on Thursday.
"There have been targets we have looked at but there is nothing at the moment."
Rodgers also revealed full-back Glen Johnson would be out for "an indefinite amount of time" after a series of injuries that have taken their toll on the England international.
"Glen has played a lot of the season and has had a number of injuries and he has struggled and it has not allowed him to be 100 per cent," Rodgers said.
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