Sterling signed a contract until the summer of 2027 worth a whopping 300,000 a week in 2022.
Chelsea owner Todd Boehly recently traveled to Riyadh and met with Saudi Pro League director Michael Emenalo.
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It sparked speculation that Chelsea could sell several players, including Sterling, to Saudi clubs.
But the Daily Mail says Chelsea, despite Boehly's trip to Saudi Arabia, do not plan to sell Sterling this summer, even though Nico Williams, 21, of Athletic Bilbao is on their wish list.