Enzo Fernández has reached a verbal agreement on personal terms with Manchester City, though a completed transfer depends entirely on club-to-club negotiations that have yet to begin, according to transfer expert Fabrizio Romano.

The Argentina international's potential departure from Chelsea hinges on whether Manchester City submit a formal offer — something that had not happened as of 29 August 2026. Once an official bid arrives, Chelsea will determine the asking price.

Chelsea's firm stance

The west London club set a self-imposed deadline in mid-August, demanding a fee of around £120 million. That deadline passed without any bid from City, and Chelsea declared at the time that Fernández would remain at Stamford Bridge.

City's interest never fully faded, however, and contact with the player's representatives continued into late August — keeping the saga alive ahead of the summer window's closing days.

Fernández could miss Chelsea's Premier League fixture this weekend, adding further uncertainty to his immediate future at the club.

Background to the saga

Chelsea signed Fernández from Benfica in 2023 for a then-British record fee. He has established himself as a key figure in midfield and was named vice-captain — making any potential sale a significant decision for the club.

Interest from Manchester City grew under manager Enzo Maresca, who previously worked with Fernández at Stamford Bridge. For the 25-year-old, a reunion with Maresca is considered a major factor in his willingness to move, despite holding a long-term contract that runs until 2032.

Earlier in the summer, Real Madrid were linked with the midfielder, but that interest faded — leaving Manchester City as the primary suitor. Frustration over Chelsea's absence from Champions League football has also been cited as a driver behind Fernández's desire for a move.

What happens next

Manchester City must now submit a formal offer if the deal is to progress. Chelsea have made clear they will only sanction a sale at the right price and if a suitable replacement can be secured before the window shuts.

The Blues have already spent heavily this summer and are prepared either to retain Fernández or reinvest any proceeds into further squad strengthening. Until an official bid lands, nothing is confirmed — and Chelsea hold all the cards.