Wolfsburg's sporting director, Klaus Allofs, implies that the transfer is in its advanced stages, although it is not yet concluded:
Some papers already announced the deal is done, but that's premature.
We can't announce a deal yet and we aren't in a desperate mood, though we would not be talking to Chelsea if we had totally opposing views.
The Belgium international has made just three Premier League appearances this season, struggling to acclimatise to the demands of Jose Mourinho.
He has been a key part of previous teams he has represented, filling integral roles for Genk and Werder Bremen over the past two seasons.
Reaching and maintaining that consistency for Chelsea has clearly been an issue, although he's received minimal opportunities to show his worth.
De Bruyne has played just 425 minutes in all competitions thus far, according to WhoScored.com, the equivalent of less than five full games. Chelsea have already played 31 matches this season, which highlights the bit-part role the youngster has been given.
Allofs confirms that Wolfsburg is the only other destination, aside from Chelsea, that De Bruyne will end up this season:
"The matter of which club Kevin would move to—unlike before Christmas—is no longer doubtful. That will be the VfL [Wolfsburg]," he said.
However, as Joe Krishnan revealed on Twitter, that may not be entirely accurate:
Allofs provides further insight into the move, saying:
"It is an attempt to make us a better team. If it succeeds, it is not the decision against one of our players. We are strong enough without De Bruyne."
If the German club are to land De Bruyne, it seems something of a waste to Chelsea, having barely explored his potential.
After such an impressive individual season in the Bundesliga, where his 10 goals and nine assists contributed to 19 of Werder's 50 goals, it's surprising that Mourinho is unwilling to persevere.
However, the real key to this move could be the potential fee, as Dan Levene alludes to:
Sky Sports highlights the rumoured deal to be around £17 million, which would provide the Londoners with a substantial profit.
As BBC Sport reported at the time, De Bruyne arrived for just £6.7 million exactly two years ago—over £10 million less than this speculated fee.
Having not played him, Chelsea have seemingly benefited from buying a player in order to loan him and increase his value.
In this case, they have hit the jackpot, and with Financial Fair Play measures looming, this seems too good an offer to ignore.