TMW says Villa have opened talks with SGE for the midfield schemer and are preparing an offer.
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Villa hope to do business with SGE for €40m over a deal for Chaibi.
Chaibi moved to SGE in 2022 from Toulouse and has since made rapid progress in Germany.
Capable of playing on both flanks, the left-sided attacking midfielder has thrived in a No10 role this season.