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I don’t think this transfer is going to happen, Chelsea are showing interest in the player, and I think Barcelona are not ready to let him go now, because Hamsi Flick still sees him as part of his plans for the season, so I’m seeing a situation where he has to stay put, I feel Chelsea are interested in this transfer because they lost out to Xavi Simons to Tottenham, and Chelsea already made a proposal to Barcelona at the amount of €40million, and that is a bad proposal and Barcelona aren’t going to accept that for one of their talented players, I think if Todd Boehly wants that player he has to go higher than that before Barcelona can even listen to their proposal, so right now I don’t see how possible the transfer could go through considering that Chelsea aren’t ready to go higher than that valuation.
Chelsea's proposal was obviously too low for Fermin. That's a sense reason for Barcelona don't even care to it. If it was like €70m - 80m, i believe Barca would consider it and maybe selling him. Sending €40m bid for Ferming is pretty much the same like insulting Barca, thought, in fact, Barca is also in trouble financially.
I'm a bit surprised by Chelsea transfer strategy, they seem to want to sign every talented young player. Hansi Flick has said he will try to keep Fermin Lopez, but he hasn't ruled out the possibility that Barcelona might sell him if they receive an attractive offer. Barcelona financial situation isn't fully stable yet, and Chelsea might be looking to take advantage of that, thinking Barcelona would let Fermin Lopez go for a low price. With the transfer window closing soon, Newcastle is also reportedly joining the race to sign Fermin Lopez.