The 21-year-old is a product of Chelsea’s academy, but his first-team chances have been restricted since making his senior debut in 2014.
The England Under-21 international has featured just 22 times for the Stamford Bridge outfit, primarily in cup competitions, and it’s understood he is frustrated at the lack of opportunity.
Bournemouth have emerged as candidates to take him on board, with a loan switch in the offing, although Eddie Howe could be tempted by a permanent deal if the price is right.
Loftus-Cheek has no shortage of suitors, with the likes of West Ham, Brighton, Newcastle, Stoke and Burnley also linked.
Paul Huntington says Preston's play-off hopes this season hinge on them getting the balance right on and off the pitch.