Hazard has rejected Chelsea's latest offer of a new deal worth £300,000-per week.
New Chelsea boss Maurizio Sarri is seeking talks with the goalkeeper, who wants a return to Madrid, where he spent two years on loan with Atletico Madrid earlier in his career. Thibaut Courtois has also been a target from Madrid.
The Blues have finally put forward a price tag on their most valuable asset Eden Hazard which could potentially see him leave as the most expensive player.
The Daily Express is reporting that the Italian manager is ready to give the Belgian the captain's armband as he bids to try and convince the 27-year-old to stay at Stamford Bridge for another season.
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He added , the law "requires the jury verdict to be honored". "You can't surgically remove things and look at them separately". In June that campaign was successful: Santa Clara County voters recalled him from the bench with 60 percent of the vote.
According to AS of Spain however, not only have Madrid ruled him out of the running, they are considering not bringing in a new signing in Ronaldo's place.
Chelsea are thought to be reluctant to sell Hazard, although some reports have suggested they would be willing to do business if they received a world record fee of around £200 million. The Spanish capital club has said that they would not break the bank to replace the departed Cristiano Ronaldo, who they signed for €80 million from Manchester United in 2009.
One of the brightest stars in England's World Cup run, his market value is soaring right now, but it's doubtful the Toffees would be willing to part ways with their club player of the year, especially since he just moved up from Sunderland only one year ago.