Chelsea have rejected a cash-plus-player offer from Barcelona for Willian, according to the Daily Telegraph.
La Liga champions Barca are said to have offered £38 million plus Malcom for the 30-year-old winger, who has been linked with a move to the Camp Nou in the past.
However, the Blues are reluctant to let Willian leave Stamford Bridge this month with uncertainty over Callum Hudson-Odoi’s future. The 18-year-old winger has been the subject of multiple bids from Bayern Munich.
Barca are keen to offload Malcom, who has struggled to impress following his summer move from Bordeaux and missed two quality chances in his team’s Copa del Rey loss to Levante on Thursday.
The 21-year-old forward, who snubbed Roma to join the Blaugrana, has managed just 100 minutes in La Liga so far this term, but it appears he won’t be reviving his career at Chelsea.