Tiemoue Bakayoko is looking for an escape route from Chelsea on loan once again but the Blues are dissatisfied with the offers put forward by Monaco.
The 25-year-old's entourage was in the principality on Tuesday to try to find a breakthrough but Chelsea director Marina Granovskaia will not accept the current proposals.
The Blues signed Bakayoko for £40 million ($49m) in 2017 from Monaco and are hoping to make most of their money back in any sale of the player.
AC Milan had the option to buy Bakayoko for €35m (£32m/$39m) in their loan arrangement last season but decided against it after failing to qualify for the Champions League.