Manchester City are pursuing Chelsea midfielder Enzo Fernandez as new manager Enzo Maresca targets a high-profile reunion with the Argentina international during the summer transfer window.
Chelsea have established a strict deadline of 5pm on Friday for Manchester City to submit a formal bid that meets their £120 million valuation of the player.
If the two Premier League clubs fail to reach an agreement by Friday afternoon, discussions surrounding Fernandez could potentially drag further toward the final transfer deadline on September 1.

Maresca recently left Chelsea to accept the head coaching role at Manchester City following the departure of Pep Guardiola, taking on what is widely regarded as the most demanding managerial job in English football.
Stamford Bridge, located in West London, has served as Chelsea's home ground since the club was founded in 1905, while Manchester City play their home matches at the Etihad Stadium in East Manchester.
Maresca and the Captaincy Decision
Maresca has a documented history of indulging and rewarding the conduct of Fernandez that dates back to his previous tenure in charge at Stamford Bridge.
Two years ago, during Chelsea's opening fixture of the 2024 to 2025 Premier League season against Manchester City, Maresca chose to appoint Fernandez as team captain in the absence of injured club skipper Reece James.
That leadership appointment occurred just one month after Fernandez published a video on social media showing himself and several Argentina teammates mocking the racial heritage of the France national team.
Fernandez uploaded the footage following Argentina's victory over Colombia in the Copa America final that summer, sparking immediate controversy across international football.
Chelsea teammate Wesley Fofana publicly condemned the video shared by Fernandez, describing the content as "uninhibited racism".
Although Fernandez subsequently issued an official apology for the incident, Maresca selected him to lead the team out as captain for the season opener against Manchester City.

The Copa America is South America's flagship international football tournament, administered by CONMEBOL, where national teams across the continent compete alongside invited guest countries.
Controversies and Real Madrid Interest
The potential transfer comes after Fernandez accumulated a series of disciplinary issues and controversial incidents for both club and country in recent seasons.
At the conclusion of last season, Chelsea imposed a club suspension on Fernandez after he publicly flirted with Spanish club Real Madrid regarding a prospective move to La Liga.
Fernandez also played a role in the dismissal of former Chelsea manager Liam Rosenior, as a noticeable drop in his on-field performances contributed to the coach losing his job.
Domestic observers consider Fernandez among the worst players in the Premier League for consistently attempting to pressure match referees during games.
His international record includes being sent off in the World Cup final, as well as thuggish behaviour during the semi-final against England that went unpunished by match officials but drew widespread public disgust.
Despite interest rumors, Real Madrid refused to pursue Fernandez at Chelsea's £120 million asking price and took the unusual step of releasing a statement to deny any involvement.
In an official communique published at the start of July, Real Madrid announced: "The club wishes to state that it has not made any efforts, either directly or indirectly, aimed at signing the aforementioned player and, furthermore, has no intention of pursuing such an operation."
Real Madrid are based in the capital of Spain and play at the Santiago Bernabeu Stadium, holding the record for the most European Cup and UEFA Champions League titles in football history.
Shift in Manchester City Style
Pursuing Fernandez represents a significant risk for Maresca, who threatens to undermine the reputation Manchester City established during the trophy-laden era under Pep Guardiola.
Guardiola built a side admired by neutral supporters for its style, technical excellence, and sportsmanship, featuring stars such as Kevin De Bruyne, Bernardo Silva, Rodri, Ilkay Gundogan, Jack Grealish, and Erling Haaland.
Signing Fernandez would signal a departure from those values, replacing Guardiola's attractive style with cynicism and an embrace of football's dark arts.

Industry analysts view Fernandez as a clear performance downgrade from Spanish midfielder Rodri, who served as the central pillar of Manchester City's midfield during their championship campaigns.
The Premier League is the top division of the English football league system, where 20 clubs compete across a 38-match season running from August to May.
Chelsea Investment and Restructuring
Chelsea originally acquired Fernandez from Portuguese club Benfica for a transfer fee of £106.8 million following the conclusion of the 2022 World Cup.
Although Fernandez has avoided total failure compared to other high-priced signings under Chelsea's BlueCo ownership, his performances have alternated between brief moments of quality and long periods of near anonymity.

Despite his status as a key squad member, Fernandez repeatedly failed to demonstrate leadership qualities when Chelsea struggled during the previous campaign.
Chelsea endured a difficult season last year, finishing tenth in the Premier League table and trailing champions Arsenal by 33 points at the end of the term.
If Chelsea manage to recoup their original investment by selling Fernandez to Manchester City, the transaction would represent a major financial success for the club located near the King's Road.
Chelsea are now rebuilding under new manager Xabi Alonso, who has introduced a more balanced squad structure and a clearer transfer strategy since taking charge at Stamford Bridge.
Sanctioning the departure of Fernandez would represent another step forward in Alonso's rebuilding project, while presenting Maresca with added pressure in his new role at Manchester City.
The King's Road is a famous thoroughfare running through Chelsea in West London, historically known for its shopping district and close cultural ties to the football club.

