Chelsea remains a club to watch in the transfer race for Riccardo Calafiori, the Arsenal defender also targeted by Real Madrid. Recent reports indicate that the Italy international could cost as much as €100m, highlighting his value to Arsenal.

Simon Phillips has suggested that Chelsea's interest in Calafiori dates back to his time at Bologna, where they previously attempted to secure his signature while he was in talks with Arsenal. Strengthening their defense is crucial for Chelsea, and Calafiori could provide an upgrade at both centre-back and left-back under manager Xabi Alonso.

Despite his impressive performances at Arsenal, Calafiori has faced fitness issues that have limited his playing time. This raises the possibility that there might be a price that could entice Arsenal to consider a sale, although it’s unlikely they would allow a key player to join a rival like Chelsea.

Arsenal currently stands as a more complete team compared to Chelsea, but a player of Calafiori's caliber could significantly aid their rebuilding efforts and enhance competitiveness.

While selling to Real Madrid might be Arsenal's preferred option, reports indicate that no such move is imminent. Phillips also noted that Calafiori has not expressed dissatisfaction at Arsenal or shown any desire to leave, meaning any transfer discussions are still speculative at this stage.