Chelsea are said to have had two bids for the 21-year-old rejected by Leicester, with their most recent offer worth more than £70 million. Both clubs are still negotiating a deal for Fofana, but according to the Independent, the West Londoners are £10 million short of Leicester's valuation, which is thought to be £85 million. According to the report, Chelsea are preparing a third offer for the Frenchman, and while the Foxes insist the defender is not for sale, they may be forced to sell due to financial constraints.
Following two difficult financial years as a result of the coronavirus pandemic, Leicester's Thai owners are expected to sell either Fofana or key attacker James Maddison this summer to help balance their books. According to the Independent, the Foxes may reduce their asking price for Fofana to £80 million, while a £60 million bid may be enough to entice Newcastle United target Maddison away from the King Power Stadium.
