Manchester City are ready to meet Chelsea's £120 million asking price for the transfer of midfielder Enzo Fernández, according to ESPN. Chelsea are open to letting Fernández leave Stamford Bridge if their valuation is met. Fernández has been a key player for Chelsea, but the club are willing to sell him if they receive a suitable offer.

Manchester City's interest in Fernández is a significant development, as the club looks to strengthen their midfield ahead of the new season. The transfer window is set to close in a week's time, and Manchester City are expected to make a move for Fernández before then. The deal would be a significant coup for City, and would further strengthen their squad ahead of the new season.