Atletico Madrid have reportedly named their price for the permanent transfer of Portugal international Joao Felix, who is on loan at Chelsea until the end of the season.

According to Mundo Deportivo, Atletico Madrid are demanding a fee of £124million for the permanent transfer of Felix to Chelsea.

Felix and Atletico boss Diego Simeone have seen their relationship deteriorate in the past 12 months and the Portugal international have no intention of returning to Atletico Madrid should Simeone remain in charge.

Felix joined Atletico for £114m in 2019 and the Spanish side are eager to make a profit, it is reported, in a bid to freshen up their squad come the summer.