Chelsea sign Palmer from Man City

Chelsea signed England Under-21 forward Cole Palmer from Manchester City on Friday in a deal worth an initial £40 million ($50 million).

Palmer agreed a seven-year contract with Chelsea, who have a club option of a further 12 month extension and could pay City an extra £2.5 million in add-on clauses.

City were keen to keep Palmer, but the size of Chelsea’s offer eventually persuaded them to cash in on a rising star who was keen for more regular first-team opportunities.

The 21-year-old could make his Chelsea debut in Saturday’s Premier League match against Nottingham Forest at Stamford Bridge.

Source: punch