According to talkSPORT, the Croatian international has attracted a ton of interest following Sevilla's run to the Europa League final.
Chelsea, Liverpool, Atletico Madrid, Real Madrid, Barcelona and Napoli are reportedly the main clubs keen on the 26-year-old, who spearheaded Sevilla's penalty victory over Benfica in the final on Wednesday evening.
He's out of contract at the end of next season, which means a number of European heavyweights have been eyeing up a potential bargain.
But Sevilla president Jose Castro Carmona is desperate to stave off the interest from the likes of Liverpool and Chelsea, and is confident that Rakitic will pen a new deal.
"There are no problems with Rakitic, he has another year on his contract, and our goal is to get him to sign a new three-year agreement shortly," Rakitic told Mediaset.
He will partner Luka Modric in the Croatian midfield at the World Cup this summer, and impressive performances at the tournament will surely only drive his price higher.
But with his contract year looming, Sevilla face an important decision - either they convince him to agree a new deal or they sell him to the highest bidder rather than risk losing him for free.
If it's the latter, Chelsea and Liverpool will be among those interested.