Chelsea set Enzo Fernandez price as Real Madrid interest grows

Chelsea are reportedly facing a major decision over Enzo Fernandez after growing indications that the Argentine midfielder could seek a move away from Stamford Bridge this summer.

Real Madrid are understood to be monitoring the situation closely, while Manchester City have also been linked with interest. Chelsea's position, however, appears clear for now — the club are not actively looking to sell but would reportedly consider offers in the region of £120m.

If achieved, that figure would exceed the £106.7m Chelsea paid Benfica in 2023 and establish another significant transfer benchmark.

The latest developments follow a season in which Fernandez further strengthened his importance to Chelsea despite the club's difficult campaign.

Reports suggest the midfielder has become increasingly open to the idea of a move, with previous comments about living in Madrid attracting significant attention during the March international break.

Those remarks reportedly created tension internally.

Contract discussions between Chelsea and Fernandez's representatives are also understood to have started months ago but have yet to produce an agreement.

The key issue appears to centre around salary expectations and the player's view of his standing within the squad.

Manchester City have also been linked with Fernandez, particularly with expected managerial changes at the Etihad.

At this stage, though, reports indicate there has been little concrete progress.

Chelsea's focus may instead remain on finding a resolution over contract discussions before entertaining serious negotiations elsewhere.

Attention will likely move towards further discussions between Chelsea and Fernandez's representatives over a possible contract solution.

Real Madrid's next move could also prove significant if interest develops into formal negotiations. Chelsea remain in a strong position financially and contractually, meaning any transfer would likely require a substantial offer.

Would Chelsea be making a mistake by allowing Enzo Fernandez to leave this summer?