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Chelsea, Bayern Munich eyeing Espanyol midfielder Nico Melamed

Chelsea are eyeing Espanyol midfielder Nico Melamed.

Sport says Melamed is highly-rated and already attracting attention from several European giants ahead of the 2020/21 campaign.

Chelsea are the latest outfit to have been credited with interest in Melamed, while Bayern Munich, Real Madrid and Barcelona are also thought to be monitoring the youngster.

Espanyol see Melamed as part of their long-term plans and agreed a contract extension with the player in April last year.

That means Melamed is tied down to the club until 2023, although his deal includes a modest £7.2million (€8m) release clause.

Espanyol supposedly plan to offer Melamed an improved deal in just over a year's time, but the recently-relegated Catalan club run the risk of losing their future star for cheap this summer.

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