The defender is linked with the Londoners for another five years of the contract.
Real Madrid are interested in signing Chelsea right-back Rhys James.
The Royal Club is ready to pay 101 million euros for the transfer. Madrid see James as a replacement for 31-year-old Dani Carvajal, who is often injured.
In the 2022/23 season, James played 21 matches and scored 2 goals. His contract with Chelsea runs until the summer of 2028.