I follow a twitter site called Premier League Zone. They tweeted earlier this morning that Chelsea have 38 players out on loan. That's just ridiculous. For the most part, though, the players are either in the Football League or another country's top league. But they have 1 player in the Isthmian League, level 7 on the English pyramid, 1 player in the National League and 2 in South America.
Chelsea have been exceptionally slow to allow players who clearly aren't going to progress in their senior club plans to move along for other opportunities. I think it's down to the owner being paranoid of turning players like Lukaku loose in the world when it can come back to bite them. I think it SHOULD serve as a cautionary tale for young starlets being offered spots in Chelsea's academy, but sadly it doesn't.