The Cats are enjoying the luxury of a week's rest and this weekend can sit back and await the winner of Friday night's second semi-final between the Western Bulldogs and the Sydney Swans.
While the premiers will be forced to make at least one change to their side – with emerging midfielder Brent Prismall out with his serious knee injury – Balme said Chapman should have overcome a knock to a knee and hamstring soreness suffered against St Kilda last week.
Meanwhile Kelly, who has been battling a quadriceps injury, has also made good progress and is right in the frame for a recall.
"He's all right, he's fine," Balme said when asked about Chapman's progress.
"They're both on track … they should be available."
Balme said the Cats, who expect to play next Friday night, were in a good position to deal with a week off, having followed the same path last year. The trick was ensuring players rested their bodies but stayed mentally "switched on" during the most important time of the season.
"It's been similar to last year; slightly different," he said.
"It's been very much individually-designed for what each particular player needs with some team elements to it.
"You try to keep them pretty switched on to the program without having to work them too hard physically. So you need to take the opportunity to rest that the week off gives you, but you've got to give them enough to keep them engaged."
Balme said the Cats would train in coming days but there wouldn't be any tough, match-simulation type work done at Skilled Stadium.
"We'll do some work over the weekend but it won't be as though we're playing a game."