Chelsea will reportedly only move for former player Eden Hazard if Real Madrid are prepared to lower his asking price.
Despite the Belgian's hugely successful stint at Stamford Bridge, his time at the Bernabeu has been in sharp contrast having been plagued by injuries and loss of form.
While the 31-year-old has been provided with six starts and eight substitute outings in La Liga and the Champions League this season, Los Blancos are prepared to sell for the right price.
Earlier in the January transfer window, it was claimed that Newcastle United had been successful with a £41.7m bid, only for the player to turn down a move to St James' Park.
According to El Nacional, Chelsea are currently unwilling to go beyond £21m, naturally resulting in an impasse between the relevant parties.
Hazard is said to be happy to remain at Real until the end of the season before assessing his options in the transfer market.
