Chelsea
have completed a deal to sign Manchester City winger Cole Palmer on Transfer
Deadline Day.
The Blues will pay an initial £40m with £2.5m in add-ons which takes the
spending at Chelsea under the Todd Boehly-Clearlake Capital ownership to
£1.02bn.
It will also take their spending this summer alone to £419m. In over five
years and 11 transfer windows at Tottenham, the Chelsea coach Mauricio
Pochettino's former club, he only spent £412m.
Palmer has signed a seven-year contract with the option of a further year
and will join up with the Chelsea squad ahead of their Premier League
fixture at home to Nottingham Forest on Saturday.
On signing for the Blues, Palmer said: "I'm excited to get started and it
feels great to sign. I've joined Chelsea because the project here sounds
good and because of the platform I will have to try to showcase my talents.
"It is a young and hungry squad and, hopefully, we can do something special
here."
Palmer played in Manchester City's Premier League opener against Burnley and
was on the bench for the last two games.
The 21-year-old, who scored in the Community Shield against Arsenal and UEFA
Super Cup against Sevilla, is pushing for more first-team opportunities.
He made 25 appearances for City last season across all competitions and
ended the campaign as a Premier League, Champions League, and FA Cup winner.
Palmer then celebrated international success this summer alongside new
Chelsea team-mates Levi Colwill and Noni Madueke when he lifted the European
U21 Championship with England.
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