CHELSEA have had a £20million bid for Real Madrid star Isco rejected, according to reports.
The Spain international struggled for regular game time under Carlo Ancelotti last term.
Recent reports indicated Real boss Rafa Benitez sees Isco as part of his plans for next season.
The Daily Mirror report Chelsea made a £20m bid for the 23-year-old, who has also garnered interest from Arsenal.
However, it was turned down as Real are reluctant to sell.
The Blues are thought to have declared their interest in Isco, as they are keen to sell Oscar.
But Juventus and Chelsea are believed to be miles apart in their valuation of the player.
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