Chelsea have reportedly set a £120 million asking price for Enzo Fernandez and given Manchester City until Friday to decide whether to make a formal move for the midfielder.

The Premier League champions are understood to be considering Fernandez as they assess their midfield options, with uncertainty surrounding the future of Rodri.

Chelsea are not actively looking to sell the Argentina international, who remains an important part of their plans. However, the club is prepared to consider his departure if its valuation is met.

Reports indicate that Chelsea have communicated the £120 million figure to City and imposed a Friday deadline for the club to make a decision.

Fernandez joined Chelsea from Benfica in January 2023 in a British-record transfer at the time. He has since established himself as one of the key figures in the west London club’s midfield.

Manchester City could step up their interest if Rodri’s situation develops, with the Spain international reportedly attracting interest from Barcelona.

A potential Fernandez transfer would represent another major Premier League deal and could significantly reshape the midfield of whichever club secures his services.

For now, Chelsea’s position appears clear: Fernandez will remain at Stamford Bridge unless a club is prepared to meet the £120 million valuation before the Friday deadline.