Chelsea prepares for an intense late challenge from Manchester City for Enzo Fernandez, as the Premier League champions gear up to submit a formal offer before the summer transfer window closes on September 1. The Argentina international has reportedly opened the door to a move to the Etihad Stadium, increasing pressure on Chelsea as the deadline nears.

Although the Blues are not actively looking to offload Fernandez, they maintain that a sale could occur if City meets their valuation and if they have adequate time to strengthen their midfield.

Key Points:

• Manchester City intends to make another attempt to sign Enzo Fernandez, preparing an official bid.
• Chelsea demands around £120m for the 25-year-old, which would make him one of the most expensive signings in Premier League history.
• City’s pursuit is complicated by Fernandez’s newfound openness to the switch.
• Chelsea manager Xabi Alonso has refrained from guaranteeing that Fernandez will remain at Stamford Bridge, praising his attitude and training performances.

The evolving situation poses significant risks for Chelsea. Previously, they could rely on their £120m valuation to deter interest, but with Fernandez now receptive to City’s advances, the dynamics have shifted. Selling to a title rival is a monumental decision, especially as losing Fernandez would not only bolster City but also create a significant gap in Chelsea's lineup.

Chelsea's condition for a replacement is critical. While a £120m fee represents a solid financial deal, it becomes less advantageous with limited time left to reinvest. They have explored alternatives like Alex Scott, but Bournemouth has consistently resisted their approaches. If City meets the asking price and Chelsea secures a high-caliber successor, a deal could become feasible.