Todd Boehly smashes £1BILLION transfer mark as Chelsea ‘agree £45m deal for England U21 Euros winner’
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CHELSEA have agreed a £45million deal for Manchester City forward Cole Palmer that will take their spending under Todd Boehly past the £1billion mark, according to reports.
The Blues have exceeded £300million in spending for the third transfer window in a row.
And, including add-ons, the Palmer deal means they have now surpassed the £1billion mark since Boehly took over last year.
The 21-year-old, who looks set to become the latest addition to Mauricio Pochettino's squad, won the age group Euros with England in the summer.
According to , Chelsea have reached an agreement with City for the Wythenshawe-born player.
They go on to state the Blues are "close" to completing the signing.
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Palmer scored the opening goal in Man City's Community Shield defeat to Arsenal earlier this month, before he also netted in their Super Cup win over Sevilla.
But he has managed just ten minutes of action in their first three Premier League games - with that cameo coming off the bench in a 3-0 victory over Burnley.
Palmer has registered six goals and two assists in 41 games for Man City.
He featured 25 times for Pep Guardiola's Treble winners last season.
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However, just seven of those came as a starter as he has been forced to play a bit-part role in City's successes.
Brighton saw a £30m bid for Palmer rejected.
Earlier in the window, Guardiola spoke about the young attacker, saying: "I don’t know [if he will stay]. When we arrived I had the opinion that he wanted to leave but now I don’t know.
"I don't think a loan is going to happen. He's going to stay or he's going to be sold."
The move will mean Pochettino has further bolstered his attacking options following injuries to Christopher Nkunku and Carney Chukwuemeka.
Boehly has already splashed the cash on several signings this summer including Moises Caicedo, Romeo Lavia, Axel Disasi, Nicolas Jackson, Robert Sanchez and Lesley Ugochukwu.
Chelsea have also been linked with a move for Arsenal's Emile Smith Rowe.