EPL

Chelsea sign Cole Palmer from Man City in £42.5m deal

You are currently viewing Chelsea sign Cole Palmer from Man City in £42.5m deal
  • Post published:September 1, 2023

Chelsea have completed the signing of England Under-21 forward Cole Palmer from Manchester City for an initial £40m.

Palmer has entered into a contractual agreement with Chelsea for a duration of seven years, wherein Chelsea retains the option to extend the contract for an additional 12 months. Furthermore, Chelsea may be obligated to provide City with an additional sum of £2.5 million based on certain stipulated conditions.

The city expressed a strong desire to retain Palmer, however, the substantial offer made by Chelsea ultimately convinced them to capitalise on a promising young talent who was eager for increased opportunities in the starting lineup.

The individual, aged 21, has the potential to participate in his inaugural appearance for Chelsea in the upcoming Premier League fixture against Nottingham Forest at Stamford Bridge on Saturday.

“I’m excited to get started and it feels great to sign,” Palmer 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.”

The transfer of Palmer to Chelsea’s team represents a significant financial investment, as it contributes to the club’s total spending exceeding £1 billion within a 16-month period since its acquisition by Todd Boehly’s Clearlake Capital consortium.

The individual in question represents the twelfth player to have been recruited by Chelsea subsequent to the conclusion of the previous season. This acquisition transpired subsequent to the expressed desire of Mauricio Pochettino, the manager of the Blues, to secure the services of an additional forward player.

“Cole arrives with the experience of winning the Premier League and Champions League and adds further quality and versatility to our attacking unit,” Chelsea co-sporting directors Laurence Stewart and Paul Winstanley said.

“He has showcased his talent and potential in the most challenging environments and delivered on the international stage for England at the European Under-21 Championships.

“He is undoubtedly ready for this next step and we are delighted it will be with Chelsea.”

Palmer successfully completed his education at City’s prestigious academy and made significant contributions to their victory in the FA Youth Cup in 2020, notably by scoring a goal in the final match against Chelsea.

Palmer’s consistent presence within the City squad during the previous season resulted in his participation in 25 matches across various competitions, coinciding with Pep Guardiola’s team triumphs in the Premier League, Champions League, and FA Cup.

In addition to his new Chelsea teammates Levi Colwill and Noni Madueke, Palmer experienced success as England emerged victorious in the Under-21 European Championship earlier this year.

He demonstrated his considerable potential by scoring goals in Manchester City’s triumph over Sevilla in the UEFA Super Cup and their defeat to Arsenal in the Community Shield during the current season.