Fabiano is expected to quit the Spanish side in June, and the prolific forward will be difficult to replace at Ramon Sanchez Pijuan.
But Rondon has impressed for struggling Malaga this season, and the 21 year old could be available if Sevilla are willing to pay enough to lure the player away from Andalucia.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.