Liverpool legend Steve Nicol has accused Chelsea of making a huge transfer mistake with the Blues set to sign World Cup winner Enzo Fernandez for €127million.

Fernandez, 21, has a release clause of around €120m and Chelsea are reportedly happy to meet the fee to bring him to Stamford Bridge in January.

Nicol has been left baffled by Chelsea’s move for Fernandez and says the proposed deal is ‘crazy’.

He told ESPN: “Am I the only person that’s thinking, ‘what’s wrong with Chelsea?’

“You are going to spend £120m on Enzo Fernandez? Am I the only person thinking that? £120 million?!

“He’s a hot property? Cody Gakpo is a hot property, he scores goals and Liverpool got him for £37m.

“I am sorry, Enzo Fernandez had a great World Cup and he’s a good player. But £120 million? When your problems and struggles are going forward – I think they have everything upside down at Chelsea.

“You are going to waste £120m. Their problems are going forward and Fernandez is going to do nothing for you going forward. Am I the only one that thinks £120m is crazy for this guy?!”

Manchester United legend Gary Neville has also reacted to Chelsea’s pursuit of Enzo Fernandez.

Neville tweeted: “Are Chelsea paying €127m for Enzo Fernandez? That’s one hell of a price. A very good player but bloody hell!”