They are lining up a bid in the region of €7m, according to Fichajes.net.
Calcio News also report that the club are lining up a bid for the player, who is set to leave Bilbao in January with his contract up at the end of the season.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.