Inter have already sold Achraf Hakimi to PSG for €71m and are not planning to sell another one of their stars to keep the books balanced.
However, Chelsea are on the lookout for a new centre forward and if they fail to land Erling Haaland from Borussia Dortmund, then they would consider a bid for Inter striker Lukaku.
The Belgium international played at Stamford Bridge in 2011-12 and at the beginning of the 2013-14 campaign, before completing a loan move to Everton.
Inter don’t want to sell him and Lukaku doesn’t want to leave, but according to the report, the Serie A champions may consider a different future for their striker if they receive an offer exceeding €120m.
The 28-year-old is on holiday and is expected to return to Milan at the beginning of next week.