The talented defender has been the subject of numerous bids from the Blues this summer, with the Mirror claiming that an offer in the region of £37 million was made two days ago.
With speculation ongoing, Chelsea’s interest in Stones is widely recognised and the feeling appears to be mutual, with the defender having already had a transfer request turned down by Everton, as reported by the BBC.
To his credit, the former Barnsley man has not let the situation get to him as he featured in the League Cup in midweek and then started the 0-0 draw at Tottenham Hotspur in the Premier League on Saturday.
However, the situation is still unresolved ahead of the upcoming transfer deadline day, and Lawrenson believes that the Toffees should bite the bullet and sell him on the condition they receive a substantial bid.
"If you can get £35m for John Stones now then take it. British clubs are like 'why sell our players?' But they are going to go at the end of the day,” the former Liverpool defender explained to the BBC.
“Look at Gareth Bale, Cristiano Ronaldo, Luis Suarez. The clever thing is to be 18 months ahead. Southampton have done it and there's nothing wrong with it."
Everton are taking a big risk by blocking Stones’ move to Chelsea, especially after the defender made it clear he wanted a move to the Blues by handing in a transfer request.
His professionalism means that he has so far honoured his contract at Goodison Park, but there is no guarantee he will keep his end of the deal once the deadline passes.
What do Everton do if he becomes a nuisance after the deadline and pulls out all the stops to engineer a move next summer or even during the January transfer window?
A fee in the region of £30 million plus is a substantial amount to turn down, and it’s a decision which could come back to haunt Everton as they put their own interest before that of the player’s.