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According to Spanish media outlet AS, Premier League rivals Manchester City are ready to pay £54 million for a Chelsea transfer target.

Chelsea have been linked with a summer move for 21 year old Real Madrid fullback Achraf Hakimi, who has impressed during two seasons on loan at Borussia Dortmund.

Real Madrid value Hakimi at around £54 million and Manchester City are reportedly ready to meet his valuation.

Despite being interested in the 21 year old, Chelsea are reluctant to submit a bid for the Real Madrid fullback as the club fears it will hurt the development of Reece James.

Hakimi has shone during his two years in Germany, making 71 appearances and scoring 12 goals.