Chelsea set €100m asking price for Real Madrid transfer target – report

Real Madrid’s pursuit of Enzo Fernández has hit an immediate roadblock after Chelsea indicated they will not entertain any offers below €100 million for the Argentine midfielder, according to a report in SPORT.

Fernández, long admired by Madrid’s recruitment staff, was back in the headlines this week when he described the Spanish capital as “similar to Buenos Aires,” a remark that reignited speculation over a future move to La Liga. The 23-year-old’s contract at Stamford Bridge runs until 2032, leaving Chelsea in a position of strength should negotiations materialise.

While independent valuations place the World Cup winner’s current market worth at roughly €90 million, sources close to the Premier League club insist that figure falls short of their internal assessment. “An opening bid would have to start at €100 million for Chelsea even to enter discussions,” the Spanish publication states, underscoring the west Londoners’ determination to keep hold of their record signing.

Real Madrid, aware of the need to refresh an ageing midfield, must now weigh the merits of meeting such an inflated fee against other priorities in a carefully managed annual budget. Any outlay approaching nine figures would require board-level approval and almost certainly impact the club’s broader transfer strategy.

Complicating matters further, Fernández is understood to be seeking improved personal terms. Reports suggest his present salary is shy of €11 million per season, a figure he and his representatives believe should rise to reflect both his status and the current Premier League wage landscape. Chelsea have already opened talks over an enhanced package, a gesture designed to reward performances and, crucially, remove any incentive for the player to agitate for an exit.

With Madrid monitoring developments and Chelsea unwilling to budge on valuation, the stand-off looks set to define the early weeks of the summer window. Unless Los Blancos dramatically alter their financial approach, Fernández appears destined to remain in blue for the foreseeable future.