Chelsea may be gearing up for one of the most exciting transfer twists of the summer, as reports suggest a potential swap deal with European giants Real Madrid could be on the horizon.

The Blues have already enjoyed a productive transfer window, arguably one of the best in the Premier League so far. With the arrivals of strikers Liam Delap and Joao Pedro, along with winger Jamie Gittens, Enzo Maresca’s side has significantly strengthened its attacking options.

Despite this, Chelsea’s summer business is far from over. The club is still actively pursuing another winger following the departure of Noni Madueke to Premier League rivals Arsenal. And now, a surprising opportunity may be emerging from Spain.

According to Football Transfers, Real Madrid have renewed their interest in Chelsea midfielder Enzo Fernandez, a player they have been monitoring since January. While Los Blancos are also tracking other midfield options, Fernandez remains high on their radar. Chelsea, meanwhile, are reportedly open to selling the Argentine — but only for a hefty price tag of around £130 million.

That figure raises a crucial question: could Chelsea use Madrid’s interest in Fernandez to land one of their own top targets?

Chelsea Should Propose Fernandez-for-Rodrygo Deal

If Fernandez were to leave Stamford Bridge, the Blues would need a top-quality replacement — and there’s no better time to target one of the world’s brightest wingers: Rodrygo.

The Brazilian forward has long been admired by Chelsea and is believed to be on their shortlist this summer. However, they face stiff competition from Arsenal and Liverpool, both of whom are also keen on securing his services.

With Real Madrid eager to sign Fernandez, Chelsea could seize the moment by proposing a swap deal — Fernandez to Madrid in exchange for Rodrygo. Given Rodrygo’s valuation is reportedly under £100 million, Chelsea could even negotiate for a cash-plus-player deal to balance the books.

Not only would this move bring in a world-class replacement for Madueke, but it would also significantly strengthen Chelsea’s title ambitions. Moreover, it would deny direct rivals Arsenal and Liverpool a chance to sign a top-tier attacker.

Such a deal would send a bold message to the rest of the league: Enzo Maresca's Chelsea mean business, and they're not just building for the future — they’re ready to challenge for the Premier League title now.