Chelsea rejected a monster £57.5 million bid from Jiangsu Suning for Brazilian playmaker Oscar during the January transfer window.
This is according to The Sun, who understand that the Chinese club will come back for the 24-year-old at the end of the season.
Chelsea agreed to sell Ramires to Jiangsu after receiving a £25 million offer last month but were not prepared to allow Oscar to follow suit.
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Interestingly, the Telegraph have published a similar story this morning, although they claim the value of the offer was an astronomical £75 million.
While Chelsea don’t need the money, it’s hard to imagine the west London outfit would have rejected such a high bid for a player who has blown hot and cold since arriving at Stamford Bridge from Internacional in 2012.
Oscar has been inconsistent at Chelsea
Oscar is certainly a talented footballer, but it could be argued that he has not produced enough when it’s mattered most for Chelsea over the past three-and-a-half years.
He was poor under Jose Mourinho earlier this season, although his form has improved since Guus Hiddink replaced the Portuguese coach in December.
During Chelsea’s 5-1 demolition of MK Dons in the FA Cup fourth round last weekend Oscar earned the plaudits after netting a superb first-half hat-trick.
Chelsea could still decide to sell in the summer
Whether Chelsea decide to cash-in on Oscar in the summer could ultimately depend on how the attacking midfielder performs between now and the end of the season - and how much Jiangsu Suning are prepared to pay.
Chelsea fans: was Roman Abramovich right to reject this mega-money offer for Oscar? Have your say by leaving a comment below.