Chelsea have begun talks with Moises Caicedo over a new, more lucrative contract to ward off interest from Spanish giants Real Madrid. The move comes as Caicedo, described as "world-class" by head coach Enzo Maresca, has become a key figure since his £115 million ($154m) arrival from Brighton in 2023. His emergence as one of the Blues' best players has been driven by his improved defensive output, increased on-ball influence, and consistency under Maresca.