Real Madrid and Liverpool were believed to be leading the race for Benfica midfielder Enzo Fernandez.
The 21-year-old midfielder shone at the World Cup in Qatar, and attracted more interests.
Chelsea are now on the verge of hijacking the deal.
Chelsea are edging closer to acquiring the signature of Argentina international, Enzo Fernandez, according to Fabrizio Romano.
Liverpool have been priced out of the race for his signature, the transfer guru reveals, while Real Madrid are yet to make an offer.
“At the moment there are negotiations ongoing for Enzo Fernandez, Chelsea will push this week to get it done, it’s really advanced, but it’s not completed yet,” Romano told Caught Offside.
“It will depend on Benfica, on president Rui Costa who always said he wanted €120m clause or nothing. It’s always open to other clubs until it’s done, but Liverpool will not pay €120m clause and never made an official bid despite fake news around.
“Chelsea would ideally like a different structure to the €120m clause, but the player really wants to join. It will be up to Benfica, though, so we’ll see what happens in the next few days.”