Copy linkFacebookXPinterestEmailShare this article 0Join the conversationFollow usAdd us as a preferred source on GoogleNewsletterSubscribe to our newsletterChelsea are already at the centre of transfer-market drama, less than a week into the off-season, with the window yet to open for over two weeks.It was a disappointing end to the season for the Blues, pipped to the European post with a demoralising loss away at Sunderland on the final day, seeing the west London club land in 10th place in the Premier League.Given they are now comfortably into the billions in terms of outlay on players since BlueCo took control of the club in 2022, reasonable questions are being asked about their transfer policy, which sees young players bought for significant fees, in the hope theyll develop at Stamford Bridge and grow in value. You may like Chelsea report: Enzo Fernandez preparing transfer request amidst ongoing saga Former Chelsea man explains how Moises Caicedo justifies his �115m price tag Will Enzo Fernandez play this weekend? Latest on Chelsea midfielder as Real Madrid transfer saga continues Get a Surfshark VPN in time for the World Cup!Pick up an extra three months of service and up to a $30 (�22) Amazon Gift Card when purchasing a two-year subscription plan.View DealKey component of Chelseas plans has eyes elsewhereThose questions have been easier to bat away while the club have been competing in Europe, and winning the likes of the Club World Cup and the Conference League, but now with the prospect of no continental football, even their players are beginning to raise their eyebrows.It appears that first out of the blocks in that respect, unfortunately for Chelsea, is Enzo Fernandez, who is the clubs record signing and has captained the side on a number of occasions this season. BREAKING: Chelsea value Enzo Fernandez at �120m.Preference to keep, but no breakthrough in contract talks. Understand Fernandez wants to leave and would welcome a Real bid.Nothing advancing with #MCFC despite Enzo Maresca's appointment. pic.twitter.com/IiaccnthEFMay 27, 2026According to BBC Sport journalist Nizaar Kinsella, Fernandez wants to leave Chelsea as a result of the side failing to qualify for European football.This isnt the first time the Argentina international has cast his glance elsewhere, making comments to media in his home country on international duty that suggested he didnt know where hell be playing next season, and talking up the potential of one day living in Madrid. His comments led to a two-match suspension from then-boss Liam Rosenior.Get FourFourTwo NewsletterThe best features, fun and footballing quizzes, straight to your inbox every week.Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsorsBy submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.Real Madrid are one of the sides Fernandezs agent is looking at as a landing spot, according to Kinsellas report, with Manchester City an alternative option.Both are set to be difficult though, as Chelsea still view the 25-year-old as part of their plans, but are said to be willing to consider offers around �120m.The eye-watering fee comes as a result of Chelseas transfer strategy relying on profits from player sales its estimated by The Athletic that, as a result of his �106m transfer in 2023, Fernandez still has a book value of �77.6m, meaning, in short, that selling him at anything less than that figure would go down as a loss in the Blues accounts. What to read next Chelsea star Cole Palmer 'unsettled', as giants circle for move: report 'Difficult to refuse' Chelsea star joins team-mate in casting doubt over Stamford Bridge future Chelsea in bid for German superstar, as 'agreement in principle' with rivals revealed: report But whether any club is going to be willing, or able, to pay anything close to that fee remains questionable, in FourFourTwos view.Los Blancos are said to need raise significant funds from player sales to even consider it, and even then already have their eye on Citys Rodri.Meanwhile, there may be a player-coach link at the Etihad Stadium with Enzo Maresca taking over from Pep Guardiola, but the Manchester club are already strongly linked with a move for Nottingham Forests Elliot Anderson, who would surely take up much of their midfield budget this summer.Fernandez is valued at 90m, according to Transfermarkt.TOPICSEnzo FernandezChelseaReal MadridPremier LeagueIsaac Stacey StrongeSocial Links NavigationFreelance WriterIsaac Stacey Stronge is a freelance football writer working for FourFourTwo, Manchester United and Football League World. He has been a season ticket holder at Stockport County throughout the Hatters meteoric rise from the National League North to League One and is a die-hard Paddy Madden fan.
