Milan are only prepared to sign Cesc Fabregas for free, so Fenerbahce are said to be in talks with Chelsea.
The 31-year-old is under contract until the end of the season, but is getting very little playing time under Maurizio Sarri.
While the Rossoneri have never disguised their interest in the Spaniard, they are limited by Financial Fair Play parameters.
According to the latest reports, Milan have told Fabregas he can only join as a free agent, so must either terminate his contract early by mutual consent or convince Chelsea to let him leave on loan.
However, Fenerbahce are ready to pay and Turkish reports suggest President Ali Koc is currently in London for negotuations with Chelsea.
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