Chelsea will only consider a bid of £100million from Real Madrid if Eden Hazard tells the club he wants to leave.
The Belgian only has 18 months remaining on his contract at Stamford Bridge and is yet to agree an extension.
The Spanish giants are long-term admirers of the 28-year-old attacker, who has made no secret of his wish to play for the European champions, and Hazard continues to be linked with a move away from Stamford Bridge.
Now, according to The Telegraph, Chelsea are bracing themselves for an offer from Los Blancos if Hazard admits he wants to leave but will not accept a penny less than £100m.
Hazard believes he will know for certain if Real are truly keen on signing him by the end of this month and the Blues are keen to resolve the future of their star man.
Chelsea signed Borussia Dortmund winger Christian Pulisic for £58m earlier in the January transfer window and the club are adamant that Hazard is worth double that fee.
The figure may prove slightly problematic for Real, who don't have a large transfer budget available. It is hoped that Mateo Kovacic could act as a makeweight in any deal with the Croatian currently on a season-long loan from the Bernabeu.
Meanwhile, Zenit St Petersburg have told Chelsea that they want £36m for midfield target Leandro Paredes.
Talks between the clubs opened last week though Chelsea fell short with their opening offer for the Argentine midfielder who returned for training on Monday after the Russian League winter break.
Chelsea's opening offer was £26.8million, as they look to replace the departing Cesc Fabregas.
Paredes has scored seven times in his 43 matches for Zenit St Petersburg. He's also previously played for Empoli on loan, Roma, Chievo, and Boca Juniors.
He has nine caps for Argentina, and is believed to be keen on moving back to his home country to return to play for Boca Juniors. However, Chelsea are willing to offer him a contract worth £80,000-a-week.