Alejandro Garnacho has been absent from Chelsea's pre-season training at Cobham as Xabi Alonso begins work there, and the club are prepared to listen only to permanent offers. Their reported valuation is €50 million (£42.5 million), a slight profit on the £40 million they paid for him.

Chelsea's valuation and Garnacho's output

The fee is where this gets interesting. Goal.com have put Chelsea's price at €50 million (£42.5 million), while other reporting has floated higher figures, including £60 million and €72 million. The only figure that matters for the club's stance right now is the one they are prepared to accept, and that points to a clean sale rather than a loan or half-step solution.

Garnacho's end of last season does not really push back against that. He managed 1 Premier League goal in 24 appearances, with 14 league starts, and finished on 8 goals across all competitions. In his last five Chelsea appearances, his ratings were 6.5, 6.7, 6.6, 6.3 and 6.9, steady enough, but not the sort of return that makes a club reluctant to move on.

United's cut and the Italian interest

Manchester United still have a 10% sell-on clause on any future Garnacho sale, so Chelsea's decision also carries an Old Trafford angle. Garnacho joined Chelsea from United in August 2025 for £40 million, which means any permanent exit this summer could send another fee back to his former club.

The suitors being mentioned are all in Italy. AS Roma, Napoli and Como are linked, but the price point is the obvious hurdle. Roma's Champions League return after seven years gives them a sporting case, Napoli finished 2nd in Serie A, and Como finished 4th, yet Chelsea's asking price still looks like the main test for any of them.

Garnacho is not out of the picture yet, but Chelsea's position has clearly hardened. A permanent move is the direction of travel, and if one lands at the current valuation, United take 10% of the fee while Chelsea bank a modest profit on a player they have only just signed.

Written by Jack Mercer with AI-assisted research, cross-checked against 5 outlets. How we work →