Chelsea set Friday 5pm deadline for £120m net offer for Enzo Fernandez, per report
City and other suitors have been told a £120m net proposal must arrive by 5pm UK time on Friday or the 25-year-old will remain at the club for the rest of the summer, according to the report.
Chelsea have set a 5pm UK time deadline on Friday for any club seeking to sign Enzo Fernandez to submit a £120 million net offer, with the midfielder to stay put for the remainder of the summer if that threshold is not met.
As first reported by David Ornstein, the required payment terms have been shared privately with Manchester City and with Fernandez, meaning any proposal would need to align with those conditions. The reporting indicates the stance applies to City as well as any other potential suitor.
There is no suggestion at this stage that an offer has been lodged. This development lays out the valuation and structure Chelsea would entertain during the current window and introduces a firm time limit for any approach to progress.
City have been informed of the parameters but the report does not state they are in active talks or that a bid is imminent. It simply sets out the criteria that would be necessary for Chelsea to consider a sale before the deadline.
The precise payment schedule has been communicated privately and was not detailed in the reporting. If no acceptable bid meeting the £120m net figure arrives by the stated time, the understanding is that Fernandez will remain with Chelsea for the rest of the summer.