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Chelsea seal Man City's Palmer to take Boehly spending over £1bn

Chelsea have completed a deal to sign Manchester City winger Cole Palmer on Transfer Deadline Day.

The Blues will pay an initial £40m with £2.5m in add-ons which takes the spending at Chelsea under the Todd Boehly-Clearlake Capital ownership to £1.02bn. 

It will also take their spending this summer alone to £419m. In over five years and 11 transfer windows at Tottenham, the Chelsea coach Mauricio Pochettino's former club, he only spent £412m.

Palmer has signed a seven-year contract with the option of a further year and will join up with the Chelsea squad ahead of their Premier League fixture at home to Nottingham Forest on Saturday.

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