Reports from Spain have linked the 23-year-old with a move to Real Madrid following his impressive start to the 2025-26 season.
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Now, according to GIVEMESPORT, Chelsea are set to reward that fine form with an improved contract in order to ward off interest.
Caicedo is arguably the best central midfielder in the Premier League at the moment having established himself as a key player for Enzo Maresca.
The Ecuador international’s current deal isn’t set to expire until the summer of 2031, plus another 12 months as an option, but Chelsea want to secure his future regardless.