Chelsea have remarkably decided to reject Barcelona's stunning £50million player-plus-cash offer for Willian, according to latest reports.
It emerged on Thursday that the Catalan giants had made contact with Chelsea over a swap deal involving Malcom, who they signed for £38m from Bordeaux last summer after failing to land top target Willian.
Even though the Brazilian has just turned 30 and only has 18 months left on his contract, The Telegraph report that Chelsea have rebuffed Barca's offer and do not want to sell.
The Blues told Barca's representatives that they value Willian much higher than the proposal put forward to them, with the Liga leaders seemingly still valuing Malcom at the £38m they paid.
That means Chelsea were effectively offered £12m plus Malcom in exchange for Willian.
Although he is often criticised by fans, Willian is considered a key player by manager Maurizio Sarri and he is reluctant to lose any more senior players.
The club are already likely to lose Cesc Fabregas, while Alvaro Morata is itching to leave England, and Chelsea want to strengthen in January - not let first-team regulars go.
Barca are actively looking to offload Malcom after the 21-year-old struggled to adapt to life in the Catalan capital.
However, Chelsea made it clear they were not interested in the winger - even if he wasn't part of a swap deal for Willian - and are happy with their existing options, especially with Christian Pulisic arriving in the summer.
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