According to TeamTalk, the Blues are still keen to secure the long-term future of their £100m asset, despite tensions over the level of wage improvement the Argentine midfielder wants. Talks have reportedly broken down, but there's still opportunity to get discussions back on track, with Chelsea desperate to keep Fernandez as part of their project.
The outcome may depend on summer interest from other clubs. If top teams don't bid for Fernandez, he may have to accept that a raise at Chelsea is his best option, as his bridges haven't been completely burned with the club.