Chelsea will demand £120million for Enzo Fernandez if the Argentina international pushes to leave Stamford Bridge this summer, according to the [Daily Mail](https://www.dailymail.com/sport/football/article-15852957/Chelsea-price-Enzo-Fernandez.html).
The Blues are understood to value the 25-year-old at a fee that would eclipse their current club-record sale.
[Real Madrid](https://footballtoday.com/2026/05/27/real-madrid-announce-date-for-first-presidential-election-in-20-years/) are one of the few clubs financially capable of striking a deal for his signature, although it remains unclear whether their interest is genuine.
Meanwhile, Manchester City are reportedly prioritising a move for Nottingham Forest midfielder Elliot Anderson rather than pursuing Fernandez.
Despite Chelsea insisting Fernandez remains key to Xabi Alonso’s plans, uncertainty continues to swirl around his future following another disappointing domestic campaign.
The West Londoners ended the season without any European football, and Fernandez is rightly frustrated by the club’s direction.
Contract talks have failed to produce an agreement over improved terms.
His agent, Javier Pastore, has already admitted they would consider exploring other options this summer if progress stalled, further fuelling speculation over a potential exit.
Fernandez has also publicly flirted with the idea of joining Real Madrid over the past year, with one interview during the last international break leading to a two-match suspension.
Chelsea are adamant they will not entertain cut-price offers, especially after paying Benfica a British-record £106.8m fee in 2023.
The midfielder has since become one of the club’s most influential figures, operating across midfield, as a No 10, and occasionally from the left flank.
If Chelsea truly have ambitions of returning to Europe’s elite, selling Fernandez would be madness.
This is a midfielder who has delivered consecutive seasons of 20+ goal contributions.
He is consistently available, leading by example, and carrying responsibility in one of the most chaotic squads in the Premier League.
If Fernandez wants improved wages, Chelsea should pay him without hesitation.
Wesley Fofana reportedly earns around £200,000 per week despite barely staying fit, while Reece James remains among the club’s highest earners despite repeated injury setbacks.
Fernandez, by contrast, performs relentlessly, avoids long-term injuries, captains the side, and produces at the highest level.
Chelsea should be building around Fernandez, not hoping another expensive rebuild somehow fixes deeper structural problems.