Chelsea will only consider a bid of £100 million from Real Madrid if Eden Hazard tells them he wants to leave.
The Belgian 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.
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 £100 million.
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 £58 million 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.