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Enzo Fernández looks increasingly determined to part ways with Chelsea after three and a half years at the club.
The midfielder, whose dynamic box-to-box performances stood out as one of the few highlights in an otherwise underwhelming season, issued an apology after openly courting Real Madrid during a YouTube interview back in April, yet has done little to dampen exit speculation since—with a departure now looking all but certain.
Before the World Cup, reports emerged that Chelsea would be willing to let the midfielder go for around £120 million ($160 million)—the player having originally joined the Blues for approximately £106 million ($141 million) in 2023.
Meanwhile, Fernández's representative, former Argentina international Javier Pastore, has confirmed that his client is actively exploring ways to leave Chelsea this summer and spoke warmly about the Spanish capital as a desirable place to live—though he insisted no formal discussions have taken place as of yet.
While Fernández and Pastore appear to have their sights firmly set on Real Madrid, the 15-time European champions are circling but have yet to make a concrete move. Reports indicate Fernández is on Madrid's radar, though other options remain in the mix as the club seeks to finally land a creative midfield presence this summer.
If a move to Madrid fails to materialize, where might Fernández land instead? Beyond Madrid, very few clubs possess the financial muscle to pull off a deal of this magnitude. Here are four potential destinations for the Chelsea midfielder.
Paris Saint-Germain
Among the extremely limited number of clubs that wouldn't flinch at a nine-figure transfer fee, PSG have previously been mentioned in connection with Fernández.
That said, the reigning back-to-back European champions appear more inclined to chase a high-profile forward this summer, with Yan Diomande, Maghnes Akliouche and Julián Álvarez among the names reportedly on their radar.
Fernández might only climb higher on their list if one of PSG's established midfield options—Vitinha, João Neves or Fabián Ruiz—were to depart. All three have attracted interest from elsewhere, though none are expected to leave at this stage.
Manchester City
"I don't have an answer for this ... It was a departure that hurt me a lot. We had an identity and Maresca gave us structure."
Those were Fernández's words following Enzo Maresca's mid-season exit from Chelsea, revealing just how strong the bond between player and manager had become.
Could the pair be reunited at Maresca's new home, Manchester City? It's not out of the question, but with City having already splashed £116 million ($153 million) on fellow midfielder Elliot Anderson, a reunion feels unlikely.
Saudi Pro League
Despite its enormous financial outlay, the Saudi Pro League has yet to successfully lure a truly elite player in the peak of their career—with the likes of Kylian Mbappé, Vinícius Jr and Mohamed Salah all declining advances when approached.
Nevertheless, if a move to Madrid were to collapse, Saudi Arabia could present Fernández with a lucrative escape route from Chelsea, while simultaneously giving the league the high-profile signing it has long craved.
It would be a fallback option for Fernández who, at just 25, would be making a defining choice about the trajectory of his career.
Atlético Madrid
A fee in the region of £120 million would set a new club record for Atlético Madrid, though the Rojiblancos have never been shy about spending big when sufficiently motivated.
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Atleti have previously opened their wallets for the likes of João Felix, Thomas Lemar and Julián Álvarez—and with the latter potentially heading for the exit door this summer, they could have additional funds available.
A headline-grabbing swoop for Fernández would also carry the added satisfaction of irritating Real Madrid, serving as a fitting response to their rivals' pursuit of Álvarez earlier in the transfer window.