The distinction between tracking a player and negotiating for him matters. Chelsea’s reported interest is tied to a potential reshuffle at right-back: Malo Gusto is expected to leave this summer, while Reece James’s injury problems have made it difficult to rely on him throughout a full campaign.
Muñoz could offer depth in a position Chelsea may need to address. Reports describe him as dependable defensively and capable of contributing going forward, a balance that makes him an appealing option for a side seeking greater security on the right. Barcelona’s presence in the picture adds competition, but monitoring alone does not mean either club is ready to meet Palace’s terms.
Palace are under no reported pressure to sell. A contract running to 2028 gives them room to resist an approach or demand a substantial offer before considering negotiations. Muñoz has also settled in England and enhanced his profile, strengthening the case for Palace to keep a player they value rather than accept an early bid.
For Chelsea and Barcelona, the next meaningful signal would be a formal offer. Until then, the story remains one of interest rather than an active transfer battle. The coming window will show whether either club is prepared to turn its attention to Muñoz into a serious approach-and whether Palace are willing to listen.