Eurosport state that Galatasaray have increased the left-back’s valuation from €10 million to €15 million following interest from Europe’s elite clubs.
Telles has received offers according to his agent Fernando Otto. Otto told Eurosport: “There are clubs that are making offers although none have been official and he could play for Chelsea and PSG without using a foreign player space due to having an Italian passport but he is happy at Galatasaray.”
Sky Italia reporter Gianluca Di Marzio recently claimed that Chelsea are on the verge of signing Telles.
Chelsea are reported to be considering making Telles an offer to replace Luis Felipi who recently joined La Liga giants Atletico Madrid.
The 22-year-old left-back provided a total of two goals and three assists in 56 games for the Lions last season.