Chelsea target Luka Jovic wants to stay and fight for his place at Real Madrid rather than leave this month, reports The Sun.
Jovic has struggled to make any impact at Madrid since completing a €65m (£55m) move from Frankfurt in the summer.
The Serbia international has been heavily linked with a move away from Madrid this summer with Chelsea among those reportedly interested.
Chelsea manager Frank Lampard is desperate to sign a new striker before Friday's deadline to ease the burden on Tammy Abraham.
Lampard has decided neither Michy Batshuayi nor Olivier Giroud are up to standard to help Abraham but Chelsea are struggling to nail down a signing.
Lyon have rebuffed all offers for Moussa Dembele and now Jovic has decided he will stay at Madrid for the remainder of the season.
Jovic is firmly behind Karim Benzema in the pecking order for places at Madrid and has failed to take his chance when given playing time.
The 22-year-old, who scored 27 goals across league and European competition for Frankfurt last season, has only netted once in 14 appearances in his first campaign for Madrid.