Chelsea has finalized the acquisition of winger Cole Palmer from Manchester City for a reported sum of £42 million. The talented England under-21 winger has inked a substantial seven-year contract with Chelsea as part of his permanent transfer from Manchester City. Although Palmer had made three appearances for City in the current season, including notable performances in the Community Shield and UEFA Super Cup, his future at the club became uncertain after the arrival of Jeremy Doku from Rennes. With Palmer’s transfer fee amounting to £42.5 million ($53.8 million), Manchester City has now generated over £85 million ($107 million) in sales from their academy players this summer. Palmer’s departure follows the transfers of goalkeeper James Trafford to Burnley, Shea Charles to Southampton, and Carlos Borges to Ajax.
In his own words, Palmer expressed his gratitude for his time at Manchester City, stating, “I have had a fantastic time at Manchester City, and I would like to thank everyone who’s been there for me and supported me during my time at the Club – players, coaches, staff.” He reminisced about his journey from being the Under-18 captain to being part of the Treble-winning squad and the UEFA Super Cup triumph, describing them as incredible achievements that he was privileged to be a part of.
Chelsea’s new signing may make his debut in the upcoming match against Nottingham Forest, scheduled for Saturday.