The Spanish shot stopper spent the season on loan at Spanish giants Real Madrid.
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However, he had a shaky start to life at Real and eventually was on the bench.
Per Sport, Real would not mind making a move for Kepa, but only for a very modest fee.
Chelsea have set a price tag that most teams may find too high for Kepa, who is not seen as first team material for a top team.
Real do have Thibaut Courtois fully fit and the Belgian will be their no.1 next season.