Chelsea's stance is clear: if Madrid is serious about signing Fernandez, they need to act quickly and make a substantial offer that reflects his value. The club is not willing to allow uncertainty to linger into the transfer window and expects to receive a significant fee for the player, along with a premium.

Chelsea has a practical reason for its stance. The club has already started considering potential replacements for Fernandez and would prefer to have clarity sooner rather than later if his future becomes a major topic of discussion this summer.

Chelsea is monitoring the progress of several players, including Crystal Palace midfielder Adam Wharton, who is also being tracked by Tottenham Hotspur. Meanwhile, Real Madrid's interest in Fernandez remains at an exploratory stage, but the player has already faced consequences at Chelsea for comments perceived as hinting at a potential transfer to the Spanish club.

Real Madrid is cautious about ensuring any deal represents good value, which could complicate negotiations if they decide to pursue Fernandez further.