Endrick is currently on-loan with OL from Real Madrid for the remainder of the season.
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The Brazil international has quickly settled and struck a hat-trick for OL last week.
TalkSPORT says Chelsea have been following Endrick for over a year and believe Real Madrid would be prepared to listen to offers for the youngster this summer.
Chelsea chiefs believe they can bring Real Madrid to the table with an opening offer of €80m towards the end of this season.