The Independent explains that Madrid were not in a position to pay the 250m pounds that Chelsea were seeking for Hazard a year ago, but - given that he will be going into the final 12 months of a Blues deal that expires in June 2020 - the West Londoners may be willing to reduce their asking price to as low as 100m this summer.
Rumors have surrounded the Belgian star for months, strongly linking him to La Liga power Real Madrid.
Sources told The Telegraph that Hazard has not informed Chelsea of his plans and talks of a new contract have not progressed.
The 28-year-old cast doubts over his Chelsea future earlier this week when he said: 'I know what I'm going to do.
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Hazard will have 1-year left on his contract after this season.
"For now, the only thing to think about is playing well for Chelsea".
A deal was sought last summer and the No.10 went to the World Cup thinking he would join Madrid, but Chelsea's reluctance to let him go for anything under 250 million euros dictated he stayed in London for, at least, one more season. Is it a heartless tease from the social media team to get some interaction on their Instagram page, or has Hazard actually chose to sign a new contract with Chelsea?
Hazard has also been openly courted by former Chelsea teammate Thibaut Courtois, and so it makes sense that the Premier League giants are lining up replacement options, as the report suggests. "We'll see what happens after", he told RMC Sports.