The Portugal international is currently on loan at Bayern Munich from Manchester City.
According to 90min, Chelsea has shown interest in signing the 28-year-old midfielder during the upcoming summer transfer window. Although he is on loan at the Bundesliga outfit for six months, with an option to buy for €70 million.
However, the Bavarians are not interested in activating the €70 million option to buy.
Cancelo initially joined City from Juventus in 2019 and quickly became an essential part of Guardiola’s plans. He has delivered outstanding performances as a left-back in recent seasons, featuring in over 150 matches for the club. With 31 goal contributions, including 22 assists, the full-back has made a significant impact for the Citizens. In the current season, Cancelo has made 29 appearances and contributed to nine goals.
Cancelo’s versatility is a valuable asset, as he can play as a right-back, left-back, or even as a midfielder when needed, offering multiple options and attacking power to the team.