FC Barcelona have clarified their stance on Marcus Rashford’s future, with Fabrizio Romano reporting that the Catalan club are prepared to keep the Manchester United forward for one more season only on a renewed loan, not via a permanent transfer. Romano says both Manchester United and the player’s camp have been informed that Barcelona regard the deal as still open, but strictly under loan terms after their recent investment in Anthony Gordon. According to Romano, Manchester United have maintained the same position since March: a permanent exit would require a €30 million fee. If that valuation is not met, Rashford will return to Old Trafford while United explore the broader market. That leaves two live scenarios: Barcelona pushing for a loan extension on their terms, or United pivoting to other clubs willing to approach United’s price point. Rashford has rebuilt rhythm and confidence in Spain, with the loan spell reviving his direct threat from the left and boosting his final-third output. Barcelona’s preference for a low-risk structure reflects their squad planning and recent outlay, while keeping an option to reassess next summer. From United’s side, the €30m line is designed to protect asset value and maintain flexibility should a competitive market emerge later in the window. Amid the uncertainty, former Chelsea FC midfielder Joe Cole has urged the Blues to inquire about Rashford, telling The Sun that wages and valuation would be decisive but that the England international “ticks a lot of boxes” and still has another level to reach. Chelsea’s need for wide productivity and transitional threat makes Rashford a stylistic match, provided the financials align with their policy. Key factors now include: United’s willingness to relax the fee to accelerate an exit; Barcelona’s capacity to structure a loan that suits their budget after the Gordon deal; and whether a third club—potentially in the Premier League—steps in with a convincing package. With preseason plans looming, a swift resolution would benefit all parties. For United, clarity aids squad building; for Barcelona, continuity under a defined cost; for Rashford, a stable platform after reasserting himself this year. Expect dialogue to continue over the coming days as United gauge interest beyond Barcelona. If no club reaches the €30m threshold and loan terms cannot be aligned, a return to Manchester remains firmly on the table.