The midfield bulwark has emphasised that a move back to his parent club next season is much of a possibility
Essien, who was reduced to a bench warmer after fully recovering from his career threatening knee injury, was shipped off to Santiago Bernabeu on the last day of last summer transfer period
The former Lyon man has gone on to make 30 impressive appearances for Los Blancos and his versatility has seen him being used at different positions by his manager Jose Mourinho.
It is, however, not clear whether he will make the loan deal permanent as he braces himself for a return to Stamford Bridge.
“I have a contract at Chelsea and at present I am only on loan here, so nothing has changed,” Essien told The Sport Review.
The 30-year-old Ghana midfielder hinted that he has been keeping a close eye on Chelsea this season and believes they are capable of ending a frustrating campaign on a high.
He added: “They can still win trophies this season, so people shouldn't write them off yet.
“I have followed Chelsea all season and although it hasn't been as planned at the start of the season, I think it's down to the fact that it is a transitional season.”