ATLETICO MADRID are reportedly preparing a bid to make Alvaro Morata's loan permanent after Chelsea demanded to be paid £50million.
The striker is currently on loan at the Wanda Metropolitano until 2020, but the Blues have the option of triggering a recall clause this summer.
Last week, Chelsea issued the Spanish side an ultimatum which demanded they either sign the 26-year-old permanently this summer or see him return to Stamford Bridge.
And now Atletico are lining up an offer for the Spanish international to avoid sending him back to England, according to the Telegraph.
Morata has begun pre-season training with the La Liga giants already and is thought to be optimistic that a deal between the sides can be struck.
He has revealed his ambition to remain with Diego Simeone's side after a torrid spell in London following his 2017 move from Real Madrid for £60m.
Since moving to his former club's city rivals in January, Morata has netted six goals in 17 games – establishing himself as a key player.
Atletico have already spent £113m to sign Joao Felix from Benfica, making the 19-year-old the fifth most expensive player ever.
However, they are in the midst of recovering most of that fee with Antoine Griezmann's impending £107m sale to Barcelona, freeing up funds for Morata.
Chelsea meanwhile are expected to head into the new season with Olivier Giroud, Michy Batshuayi and Tammy Abraham as their striking options.
Gonzalo Higuain was allowed to return to parent club Juventus after his six-month loan, but the Blues transfer ban means he won't be replaced.
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