The Belgian star admitted after the Blues’ Europa League triumph that he will be leaving this summer but it appears the club have refused Real’s first bid.
Chelsea have rejected Real Madrid’s opening offer for talisman Eden Hazard on Thursday
Los Blancos were hoping to unveil the 28-year-old on Monday but the Spanish giants will hope to reveal Hazard at their new kit launch on June 7.
Reports earlier this week suggested that Real agreed a £115million fee with Chelsea for Hazard but it appears the Premier League side could be holding out for a higher offer.
It was also suggested that Real would offer the winger a £400,000-a-week deal at the Bernabeu.
Hazard has spent seven years at Stamford Bridge and has made 352 appearances in a Chelsea shirt.
Hazard is expected to leave Chelsea this summer after moving to Stamford Bridge in 2012