Chelsea & Arsenal? FIFA transfer bans could be coming to the Premier League

The Telegraph have a particularly ominous story on the front page of their sports section this Sunday.
Days after Real Madrid and Atletico Madrid were slapped with transfer bans by FIFA in relation to signing young players in contravention to FIFA rules, it's now feared that Premier League clubs are also in line for transfer embargoes too.

The broadsheet fails to state which Premier League clubs are most at risk, however Chelsea are name-dropped as follows:
Chelsea were banned in 2009 from trading in two windows over a dispute with Lens over the signing of Gael Kakuta but the Court of Arbitration for Sport later overturned the decision.
Under Article 19 of Fifa's transfer regulations there are three potential exceptions which a player under the age of 18 must meet to join a club outside his native country.
We've heard this story.
Back in November Spanish daily AS delivered potentially gut-wrenching news for all Arsenal and Chelsea fans, claiming that the two London clubs are set to be slapped with transfer bans from FIFA.
That claim came in the same article which forecasted last week's bans for Real Madrid and Atletico Madrid.
For the record, Arsenal's name did not appear in the Sunday Telegraph's article.
Instead, the trust of the piece were quotes from Real Madrid director general Jose Angel Sanchez:
I have relations with British clubs and I know for a fact that in many of these cases the disciplinary investigations have already started a while ago.
I imagine that Fifa's resources for these investigations are limited and Fifa cannot do everything at the same time but I have the impression that this is being done at European level and that more cases will follow, one after the other.
Because of my work I have a lot of relations with the English clubs and I know for a fact that Fifa has already opened investigations into some of them, I don't know if it has already reached the disciplinary stage. I have the feeling that Fifa wants to do this worldwide. I have the feeling there will be a lot of cases in the next couple of years.