Chelsea have given Manchester City until 5 pm on Friday, August 14, 2026, to make a £120 million offer if they want to sign Argentine midfielder Enzo Fernández.
Manchester City is interested in the 25-year-old midfielder and has reportedly been in talks with his representatives for several days.
However, Chelsea have made their position clear by setting both a transfer fee and payment terms for any potential deal.
According to reports, Chelsea have informed Manchester City that they value Fernández at £120 million and will not consider selling him if their financial conditions are not met by the Friday deadline.
The development has put City under pressure to act quickly if they are serious about taking the Argentina international to the Etihad Stadium.
Fernández has been an important player for Chelsea since joining the club from Benfica in January 2023 in a deal worth around £106.8 million, which was then a British-record transfer fee. He signed a long-term contract with the London club.
Manchester City’s interest has intensified following the appointment of former Chelsea manager Enzo Maresca, who knows Fernández well. Reports indicate that the midfielder is among City’s transfer targets as they continue to shape their squad for the new campaign.
Chelsea, meanwhile, appear prepared for the possibility of losing their midfield star, with reports suggesting the club has considered potential replacements should Fernández leave.
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However, the club’s latest stance means City must meet the £120 million valuation within the specified timeframe.
If Manchester City fails to submit an acceptable offer by 5 pm on Friday, Chelsea have indicated that Fernández will remain at Stamford Bridge for the new season.
The situation leaves the next 24 hours crucial for both clubs as City weigh up whether to meet Chelsea’s huge asking price or abandon their pursuit of the Argentine midfielder.
