Fofana is currently on a season-long loan in Turkey with Fatih Karagumruk.
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However, Chelsea want to cut short this deal and cash in on Fofana with Celtic and Derby County among clubs in contact.
Selling Fofana would free up an international loan opening, so allowing one of sidelined pair Raheem Sterling or Axel Disasi to leave on-loan to the continent.
Fofana has been impressive for Fatih Karagumruk this season, scoring seven goals in 14 appearances.