Chelsea agree British record £115m fee for Caicedo

Chelsea have agreed a deal with Brighton worth a British record £115m for midfielder Moises Caicedo.

The Blues are understood to be paying an initial £100m, plus £15m in performance-related add-ons.

Caicedo has been granted permission by Brighton to have a Chelsea medical, which is expected to take place on Monday.

The midfielder will sign an eight-year contract, with the option of a further year.

Brighton will have a sell-on clause that has been described as "significant" as part of the £115m deal to sell Caicedo.

The Blues will pay £100m up front for the midfielder, with £15m in add-ons.

Half of the add-ons have been described as "quite easily achievable", while the other half are considered "much harder" to achieve