Manchester City has submitted an official transfer offer of 120 million euros to Chelsea for 25-year-old midfielder Enzo Fernández, according to reports from multiple sports outlets. The formal bid arrives as a direct request from manager Enzo Maresca, who is pushing to reinforce his squad before the club’s upcoming fixtures.
The 120 Million Euro Bid and Stamford Bridge Valuation
The proposal sent by Manchester City’s leadership sets a valuation of 120 million euros for the Argentina international. However, reports indicate a financial gap between the two clubs. Chelsea’s board has maintained an initial valuation of 120 million pounds—for their captain, meaning the initial City bid sits approximately 19 million euros short of the asking price.
Fernández remains under contract at Stamford Bridge through June 2032. While the London club has not yet issued a formal public response to the 120-million-euro proposal, reports note that Chelsea has established a deadline of Friday, August 14, at 17:00 local time for any prospective buyers to meet their financial conditions. Executives in London have indicated they will close down discussions permanently if an agreement is not reached by the cutoff.
Enzo Maresca’s Role and Player Terms
The pursuit of Fernández is driven heavily by Manchester City manager Enzo Maresca. Having previously worked with the player during his stint at Chelsea, Maresca has identified the central midfielder as a primary target to reshape the club’s midfield structure. Reports confirm that Fernández has already given his approval regarding contract length and salary terms offered by the Etihad Stadium hierarchy.
Contract History and Next Steps
Fernández joined Chelsea from Benfica in 2023 for a reported 121 million euros, adding a World Cup title with Argentina in 2022 and a Copa América trophy in 2024 to his resume.
With Friday’s 17:00 deadline approaching, the decision rests entirely with Chelsea. Manchester City must now determine whether to increase their proposal to meet the 139-million-euro demand or walk away from the negotiation table. Should an agreement be reached, Fernández is expected to travel to Manchester for a medical examination ahead of the weekend.
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