Italian transfer expert Fabrizio Romano has reported Chelsea have told Kepa's minders he can leave on-loan for the second-half of the season.
Kepa has lost his first-choice status this term to summer signing Edouard Mendy and as such his place in Spain's Euros squad is under threat.
Chelsea see the move as a way to maintain Kepa's value in the transfer market with the aim of selling him in June.
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