According to sources who spoke with Football Insider, Chelsea and Man City have made progress in their negotiations to buy Cole Palmer.
The London club and the 21-year-old offensive midfielder have reached a personal agreement, and they are close to finalizing a deal for a sum of £40 million plus $5 million in add-ons.
Chelsea has received a signal from City that they are willing to accept their most recent offer while rejecting their initial offer of £35 million for Palmer.
After losing Christopher Nkunku to a long-term knee injury, Mauricio Pochettino prioritized bringing in a new attacker, but the club had to first reach an agreement with Romelu Lukaku.
Pochettino has endorsed Chelsea’s pursuit of Palmer after the forward agreed to a season-long loan to Roma, and a deal is now anticipated to be completed by Friday’s 11 p.m. transfer deadline.
Palmer has already scored twice for the team this season in the Community Shield and Super Cup, and City has been open to bids for him.
After signing a contract extension after being promoted from the Under-23s to the senior team, the midfielder’s current deal is valid until 2026.
Palmer has advanced through the ranks of City’s organization since he was seven years old.
The Englishman played in 25 games last season across all leagues, although only seven of those games saw him start.
Palmer managed just one goal in their 6-0 FA Cup victory over Burnley last season.