Chelsea complete stunning £42.5m move for Man City starlet Cole Palmer

01.09.2023 - 08:53 manchestereveningnews.co.uk

Chelsea have completed the stunning £42.5m move for Manchester City rising star Cole Palmer. Palmer, 21, shot to prominence in 2021 with his first Premier League start and Champions League goal for the Blues, a year after making his senior debut for the club.

A run of injuries and lack of form had seen his career stall over the last 18 months, but goals in the Community Shield and Super Cup showed a player with renewed confidence after playing a part in England winning the Under-21 European Championship in summer.

The departure of Riyad Mahrez had opened up a more prominent role in Pep Guardiola's squad for Palmer, but the player is instead off to Stamford Bridge after Chelsea tabled a bid of £40m with £2.5m in add-ons that the Blues felt was too good to turn down given the circumstances.

Unsurprisingly given the relationship between the two clubs, there are no further clauses in the transfer. Palmer's sale will take City sales for the summer beyond £150m, offsetting their purchases of just over £200m.

blues show Chelsea UPS cover Mauricio Pochettino Cole Palmer Star

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Manchester City hold no hard feelings towards Cole Palmer after he asked to leave the Etihad to join Chelsea, but won't change how they deal with future academy talents in light of the surprise deadline day exit.

Manchester United's transfer spending compared to Man City, Chelsea and other Premier League rivals

Manchester United enjoyed a busy end to their summer transfer window bringing in four players before the 11pm deadline.

Chelsea and Man City make moves as EPL spending hurtles toward $3 billion in window

LONDON: English Premier League spending was hurtling toward a staggering $3 billion in a record outlay during European soccer’s summer transfer window on Friday. Manchester City and — of course — Chelsea were among those making moves on a typically frantic deadline day. Chelsea were leading the unprecedented splurge, with the arrival of 21-year-old winger Cole Palmer from City for 40 million pounds ($50.7 million) taking the west London club’s spending in this window to around $500 million. In the three transfer windows under their new American ownership fronted by Todd Boehly, Chelsea have spent about $1.15 billion on players mostly signed up on long contracts in an innovative way to spread “amortization” costs of transfer fees. By comparison, the $260 million outlay by City, the English and European champion, look modest. The fourth and final arrival in the window came on deadline day and was Portugal international Matheus Nunes from Wolverhampton, a ball-carrier costing $67 million and providing extra depth in central midfield. Central midfielders were also priorities for Liverpool and Manchester United, who were attempting to tie up the signings of Ryan Gravenberch from Bayern Munich and Sofyan Amrabat from Fiorentina, respectively, in the final hours of the window. It was a busy day for United, which signed left back Sergio Reguilón on loan from Tottenham as cover for the injured Luke Shaw and goalkeeper Altay Bayindir on a transfer from Fenerbahce to back up Andre Onana.

Manchester City sign Matheus Nunes from Wolves and sell Cole Palmer to Chelsea

Manchester City made the first major moves of transfer deadline day as they sold Cole Palmer to Chelsea and then clinched the signing of Matheus Nunes from Wolverhampton Wanderers.

Chelsea sign rising star Palmer from Man City

Cole Palmer becomes the 11th summer arrival at Chelsea. Michael Regan – The FA/The FA via Getty Images