Antonio Conte wants the youngster to gain some more Premier League experience as his current first team opportunities are limited.
Chelsea want the player to go out on loan in January and play regular first team football until the end of the season.
It is likely that a number of clubs around the lower end of the Premier League will be interested in the England U-21 international, and the Chelsea midfielder has also attracted interest from the Championship.
Newcastle are reported to be interested, but it is thought that Chelsea want the player to move temporarily to a Premier League club.