The date which the Londoners lodge their appeal could have implications which mean they would be able to trade in January, as Reeb explained to BBC Sport on Friday.
"It depends on the filing date of the appeal," he said. "If we have an appeal within the next week, it seems realistic we will have a hearing in November and a decision in December."
"If it goes a little longer, we'd have to wait until next year but then we'd have a problem with the January transfer period. So there is a possibility of Chelsea requesting a stay of the FIFA decision so it is frozen until the final decision of CAS is rendered."
"This means the enforcement of the FIFA decision would not be immediate. It could be postponed and then if the sanction was finally confirmed by CAS, the suspension would be postponed to the next transfer window."
Chelsea have 21 days after they have received FIFA's full decision in which to appeal, something which they confirmed yesterday they would be doing.
The final CAS ruling can only be appealed before the Swiss Supreme Court.
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