Manchester City told Enzo Fernandez would cost more than £120m

Manchester City would have to pay more than £120 million to prise Enzo Fernandez from Chelsea, according to a report. News of it was broken by Matt Law.

The valuation is described as the level required to land the Argentina international, with no indication at this stage that a bid has been made or that an agreement is close. The reporting frames City’s position as interest rather than advanced negotiations.

The same piece states that if Fernandez were to leave, Chelsea would look to bring in a replacement and could revisit a move for Alex Scott. Any approach for the England Under-21 midfielder is presented as contingent on an exit from Stamford Bridge, rather than a parallel pursuit.

Chelsea are also said to hold the view that Fernandez can be successfully reintegrated into the squad if he remains at the club, despite recent boos from sections of the support. That stance underscores that an outcome is not predetermined and that the London club are keeping multiple options open.

As presented, the picture is of a high valuation setting the tone for any potential discussions, rather than an imminent transfer. A fee north of £120m would represent one of the costlier deals in the market and would require alignment between the clubs and the player before any move could progress.

Should Fernandez stay, the report indicates Chelsea’s focus would be on restoring him to the fold. Should he go, attention would turn to sourcing a successor, with Scott listed as a candidate the club could try for again.