Chelsea have agreed to a £40m fee with Manchester United to sign Alejandro Garnacho.
The deal, which includes a 10 per cent sell-on fee, represents the fourth-largest sale in United’s history after those of Cristiano Ronaldo, Romelu Lukaku and Angel Di Maria – and the club’s largest ever sale of an academy graduate.
A compromise over Garnacho’s valuation had to be reached as United valued him at £50m – which was more than Chelsea were prepared to pay.
United negotiated the fee up from an initial Chelsea offer of £25m, and are understood to feel it is a good, pragmatic deal, delivering their largest sale fee for five years.
They also believe it was a good solution for the player, who has been pushing strongly to leave.
Garnacho had reportedly turned down offers from other clubs due to his interest to move to Chelsea.
The winger was told that he could leave at the end of last season and he was not training with Ruben Amorim’s first-team squad.