The 22-year-old, who received three England caps in 2019, has stalled at Stamford Bridge in recent years.
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He spent last season on loan at Bayer Leverkusen, but registered just one goal in 21 games.
As a result, his stock has fallen considerably – and with it his price tag.
Back in 2020, Chelsea rejected a loan offer from Bayern Munich which included a £70MILLION option to buy.
Now Fabrizio Romano is reporting Fulham have offered £4m for the attacker.
It comes amid interest elsewhere from Italian side Lazio and Saudi Arabia.
Chelsea are not thought to be happy with the bid from their West London rivals.
However, they are only believed to be holding out for £8m.
And Fulham are said to be confident of securing a deal in the “next days”, with negotiations at an “advanced” stage.
But fans are in disbelief at just how much Hudson-Odoi‘s value has fallen over three years.
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Reacting on social media, one person said: “Mad to think Chelsea rejected a £70m from Bayern Munich just a few seasons ago.”
Another added: “Can someone tell me what happen to Hudson-Odoi?😭😭😭”
A third replied: “Four million is approximately free to me. Funny how Hudson-Odoi used to be Chelsea’s saviour some seasons ago.”
And a fourth responded: “£8m for Hudson-Odoi?! That’s a bargain and a half. But the disrespect from Chelsea.”
Hudson-Odoi, who joined the Blues as a young boy in 2007, has racked up 126 appearances and 16 goals for the first team, winning the Champions League, Europa League, Club World Cup and Uefa Super Cup.
Meanwhile, Chelsea are in the middle of a mass exodus this summer.
They have already axed high-profile stars such as N’Golo Kante, Kai Havertz, Mason Mount, Mateo Kovacic, Kalidou Koulibaly, Christian Pulisic, Edouard Mendy, Ruben Loftus-Cheek, Cesar Azpilicueta and Pierre-Emerick Aubameyang.
The likes of Conor Gallagher, Hakim Ziyech and Romelu Lukaku are also being linked with moves.