Chelsea brought back the Belgium International from Inter Milan for around £97.5million last summer.
But the former Manchester United striker has struggled to live up to his price tag at Stamford Bridge.
Lukaku wants to return to Inter Milan, but the Italian club cannot afford the funds to buy him back, while Chelsea had been looking to receive a loan fee of around £21million.
Goal has now reported that the Blues have drastically reduced their asking price to just £10m.
This is to show the Blues are keen on seeing the Belgian leave Stamford Bridge this summer, even if only temporarily.
Thomas Tuchel’s side are now considering a swoop for Jesus, a player who is also on Arsenal’s top transfer list.