While Chelsea could trigger an extension to keep Loftus-Cheek until 2025, it is unlikely given his rotational role within the team. Additionally, Chelsea's financial situation, with a reported loss of £121m in their accounts for 2021-22, means they may need to sell players, making Loftus-Cheek a potential candidate for departure.
Although a reunion with former Chelsea manager Maurizio Sarri at Lazio was previously mentioned, AC Milan has emerged as the frontrunner. La Gazzetta dello Sport reports that Loftus-Cheek has given his approval to the move, and Milan may soon make a formal bid for his services.
It is mentioned that Milan's interest intensified after Ismael Bennacer suffered a severe knee injury, potentially ruling him out for the remainder of the year. Talks between Milan, Chelsea, and Loftus-Cheek's representatives are reportedly ongoing, but there is a discrepancy between the clubs regarding the transfer fee.
While Chelsea seeks around €25m (£21.5m) for the midfielder, Milan's initial offer is expected to be around €15m (£12.9m) plus add-ons. Furthermore, Milan is reportedly unwilling to go above €20m (£17.2m), and the recent reported departure of sporting director Paolo Maldini could impact the negotiations.
Loftus-Cheek has been associated with Chelsea for 19 years, joining their academy in 2004, and has made 155 appearances for the first team. Throughout his career, he has contributed 13 goals and 18 assists, including two assists in 33 matches during the 2022-23 season, where he made 19 Premier League starts in various positions.
Apart from Loftus-Cheek, Chelsea's midfield may also see the possible departures of N'Golo Kante and Mateo Kovacic, with the latter being linked to Manchester City. Kante's contract extension beyond June remains undecided, and clubs in Saudi Arabia are reportedly monitoring his situation.
