Real Madrid is reportedly preparing to make a significant move for Chelsea's midfielder Enzo Fernandez, willing to fork out a staggering £84 million or offering Aurelien Tchouameni in a hopeful exchange. This potential transfer comes amid Fernandez's declining minutes at Chelsea, a club that has spent over £1 billion since Todd Boehly took over in 2022.

Fernandez, who was one of Chelsea's most high-profile signings at £106.8 million following his World Cup victory with Argentina, finds himself in a tough spot this season. With the midfield crowded and competition fierce, Fernandez hasn't been a regular starter, raising speculation that he could be seeking a new adventure away from Stamford Bridge.

According to reports, Real Madrid is eager to utilize the opportunity, eyeing Fernandez as a crucial asset to bolster their midfield. They believe that a fresh environment could reignite the Argentine's career, and thus, they are willing to pay €100 million (£84m/$108.5m) or swap Tchouameni to sweeten the deal.

Interestingly, Chelsea has shown past interest in Tchouameni, particularly when they were on the lookout for a new midfielder after Conor Gallagher's departure to Atletico Madrid. The possibility of letting go of an underperforming Fernandez might just open the door for the arrival of Tchouameni, who is currently out of form. Should he regain his form, Real Madrid might reconsider their approach, as they’ve also been targeting star players from the Premier League, including Rodri, who could take over Tchouameni's role.

In addition, reports suggest that Real Madrid’s ambitions do not stop at Fernandez; they are also keen on Liverpool's Trent Alexander-Arnold. Dubbed ‘the chosen one’ for the summer 2025 window when he becomes available on a free transfer, Madrid is keen to start negotiations as early as this winter.

Fernandez's recent performances have been notably lackluster. Despite starting the initial matches of the Premier League and the sole UEFA Conference League fixture, he has found himself more often on the sidelines, as new signings Romeo Lavia and Moises Caicedo have preferred roles in midfield. With just one assist to his name this season and minimal impact, it's clear that Chelsea can manage without his presence in the starting lineup for the time being.

As the transfer window edges closer, eyes will be on both clubs: will Real Madrid succeed in luring Fernandez, and how will Chelsea navigate the potential fallout of losing one of their marquee signings? The football world awaits with bated breath as transfer rumors swirl!