Chelsea have completed the signing of Cole Palmer from Manchester City in a reported £42.5million deal, with the England under-21 international joining on a seven-year contract.
Manchester City have officially parted ways with academy youngster Cole Palmer, who has joined big-spending Chelsea in a reported £42.5million deal.
The deal is believed to be an initial £40million fee, with a further £2.5million in add-ons, as Palmer signs on a seven-year deal – with a club option to extend for a further year.
Palmer, who has started the season well – scoring for City in the Community Shield and the Super Cup, will don the number 20 at Stamford Bridge.
He becomes the 11th major signing for Mauricio Pochettino’s side this summer, following the likes of Moises Caicedo, Romeo Lavia, Christopher Nkunku and Nicolas Jackson through the door.
We had one last away kit post for you…
Welcome to Chelsea, Cole! 🔵 pic.twitter.com/wMBRhv0X4s
— Chelsea FC (@ChelseaFC) September 1, 2023
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Upon signing on the dotted line, Palmer revealed his excitement at joining the London club on a long-term deal.
“I’m excited to get started and it feels great to sign,” he said.
“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.”
Co-sporting directors Laurence Stewart and Paul Winstanley took time to welcome the 21-year-old, who has taken Chelsea’s spend this summer close to £400million.
“Cole arrives with experience of winning the Premier League and Champions League and adds further quality and versatility to our attacking unit.
“He has showcased his talent and potential in the most challenging environments and delivered on the international stage for England this summer at the European Under-21 Championships. He is undoubtedly ready for this next step and we are delighted it will be with Chelsea.”
Chelsea have confirmed that Palmer will link up with Pochettino’s squad ahead of this weekend’s Premier League clash ahead of this weekend’s clash against Nottingham Forest, and will be available for selection.
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