The 28-year-old forward is stalling on a contract extension amid interest from the Champions League winners.
He is out of contract at the end of next season and claims to have made a decision on his future.
“I know what I am going to do,” Hazard said last week. “I have made a decision.
Despite refusing to elaborate on his decision, the Evening Standard claim Hazard is hoping to move to Real Madrid in the next transfer window.
The latest development on the Belgian’s future comes in the wake of Sunday’s 6-0 defeat at Manchester City.
The hefty loss has thrown Maurizio Sarri’s future at Stamford Bridge into serious doubt.
Colossus SportsTV understands the Italian has been granted a stay of execution.
READ MORE – CHELSEA HAND MAURIZIO SARRI STAY OF EXECUTION
But, according to the Evening Standard, a number of players will consider leaving the club in the summer if Sarri remains as first-team boss.
Numerous squad members are reportedly growing frustrated at his selection policy and training sessions.
While Hazard is happy playing for Sarri due to the former Napoli boss’ attacking philosophy, a move to the Bernbaeu appeals.
Speaking in December, Sarri said it was “time to decide” the issue of Hazard’s future.
The Chelsea head coach last week added: ““If he wants to go, he has to go.”
Former Premier League boss Gordon Strachan believes the Blues could benefit from selling Hazard.
He told The Debate: “Do you think they’re too reliant on him? When I watch them now, it’s like the rest of the team are a backing for Hazard and they play his way.
“There’s a level where you go below and you’re playing against a lot of worse players than you.
“You can’t keep that kind of exciting level all the time. In this country it really is hard work every week in terms of playing against teams.
“When I watch Chelsea just now, I think, it’s like even the real good players are like, ‘I’ve got the ball, where is he?’
“It’s an unofficial movement but they go through him.
“I think they’re so reliant on him that it might be they get that money then you can make a more rounded team rather than they just seem to be waiting on Hazard picking up the ball.
“And by the way as a supporter you love it watching it. You love it watching it.
”But I just think they’re so reliant on this one player.”