Feruz is regarded as one of the best young players in the country and the Blues have offered the 18-year-old a bumper new five-year contract to secure his future at Stamford Bridge.
Chelsea beat a number of their Premier League rivals to Feruz's signature when they snapped him up from Celtic in September 2011.
The skilful forward is highly-regarded within the corridors of power at Stamford Bridge and he was included by Jose Mourinho in the first-team squad for their pre-season tour of Asia this summer.
Feruz has impressed for Chelsea's Under-21s and in the Next Gen series over the last couple of seasons and is expected to be pushing to make the breakthrough into the first team in the near future.
The likes of Arsenal, Liverpool, Manchester City, Tottenham, Barcelona and Juventus are all thought to be monitoring Feruz's contract situation at Stamford Bridge and are waiting in the wings to move for the Scotland Under-21 international if he fails to agree the deal on offer from Chelsea.