Cole Palmer’s £40m move from Manchester City takes Chelsea’s lavish spending under Todd Boehly’s ownership group past £1billion in three transfer windows.

Chelsea became used to unprecedented transfer outlay under former chairman Roman Abramovich but, if anything, Boehly and Behdad Eghbali’s Clearlake consortium have taken it to new levels.

Raheem Sterling was the first signing of the new era for a reported £47.5million last summer, also from City, with defenders Wesley Fofana (£70m), Marc Cucurella (£60m) and Kalidou Koulibaly (£34m) the other stand-out deals in a window that saw them spend over £250m in all.

Carney Chukwuemeka, a £20m arrival from Aston Villa, had broken into the line-up at the start of this season and scored against West Ham before injury sidelined him, while Cesare Casadei (£12m) has shown his potential on loan at Championship Leicester.

A British record £106.8m deal for Enzo Fernandez and an initial £62m, potentially rising to as much as £89m, for Ukraine winger Mykhailo Mudryk followed in January.

Benoit Badiashile and Noni Madueke were £35m signings while Malo Gusto’s £31m arrival from Lyon has begun to demonstrate value this season, with the full-back deputising impressively for injured captain Reece James.

The Premier League’s spending of £815m that month was almost double the previous January record of £430m, while Chelsea’s £308m alone would have ranked second on that chart and was more than the rest of Europe’s ‘big five’ leagues combined.

That £650m-plus season expenditure – plus pay-offs to sacked managers Thomas Tuchel and Graham Potter, and a reported £20m to Brighton to lure Potter in the first place – could not help Chelsea to success as they limped to a 12th-placed finish in the league, their worst since 1994.

The solution, unsurprisingly, has been to spend over £400m and counting this summer on the likes of £100m midfielder Moises Caicedo from Brighton, forwards Christopher Nkunku and Nicolas Jackson and defender Axel Disasi.

Midfielder Romeo Lavia’s move from Southampton for an initial £53m brought the billion-pound mark within sight and Palmer’s switch saw it confirmed early on deadline day.

Chelsea have completed the signing of Manchester City forward Cole Palmer on a seven-year contract.

The PA news agency understands the club will pay an initial £40million for the 21-year-old academy graduate with an additional £2.5m in possible add-ons.

It is understood a deal was struck on Wednesday for a player City had been keen to keep but were ultimately persuaded to part with by the size of Chelsea’s bid.

“I’m excited to get started and it feels great to sign,” Palmer told his new club’s website.

“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.”

It takes spending in the 16 months since the club was acquired by Todd Boehly’s Clearlake Capital consortium to over £1billion, with Palmer the 12th player through the door during the summer transfer window.

Manager Mauricio Pochettino has stated repeatedly in recent weeks that he has been keen to sign another forward player but would only be tempted back into the market for the right profile of player.

Palmer played 14 times in the Premier League last season as Pep Guardiola’s side won a third consecutive title, and was an unused substitute during their Champions League final victory over Inter in Istanbul.

He began this season by scoring a spectacular goal at Wembley in the team’s 1-1 draw with Arsenal in the Community Shield, a match they went on to lose on penalties.

He was also City’s scorer in the Super Cup draw with Sevilla in Athens last month which ended in a victorious penalty shoot-out.

Manchester United have confirmed the signing of Turkey international goalkeeper Altay Bayindir from Fenerbahce.

The 25-year-old has signed an initial four-year contract at Old Trafford, with the option of a further year.

Bayindir is the second goalkeeper signed by the Red Devils this summer and will provide competition to fellow new arrival Andre Onana.

“It is a huge honour to join Manchester United and become the first Turkish player to represent this incredible club,” Bayindir said in the statement announcing his signing.

“I have a passion for success and I will give everything to help this special group of players to achieve our ambitions.

“I cannot wait to start working with such an experienced goalkeeping unit. We will support each other and drive high standards every day so that each of us is ready to perform whenever called upon.”

Bayindir’s deal was announced a day after England goalkeeper Dean Henderson departed for Crystal Palace, while David De Gea left earlier in the summer following the expiration of his contract.

United could add further recruits on deadline day, with a loan move for Tottenham full-back Sergio Reguilon close to completion.

Tottenham’s Sergio Reguilon is the frontrunner to fill Manchester United’s need for a left-back before the transfer deadline, the PA news agency understands.

Erik ten Hag’s side have gone from too many options in that area to being left light after Luke Shaw’s muscle injury compounded the absence of Tyrell Malacia and recent exits.

Alex Telles last month made a permanent switch to Al-Nassr and Brandon Williams’ loan move to Ipswich was announced the day before Shaw’s extended absence became public.

United have scoured the market for a left-back since then, with Reguilon looking the most likely option to join on loan as Friday’s deadline looms.

The 26-year-old was linked with a move to Old Trafford three years ago and spent last season on loan at Atletico Madrid.

Spurs are understood to have given Reguilon permission to travel to Manchester for a medical, with an agreement close. Chelsea’s Marc Cucurella was another option they looked at.

United are hoping to bolster their midfield before the deadline, but a move for Fiorentina’s Sofyan Amrabat is understood to be in the balance.

Negotiations continue for the Morocco international – who worked with Ten Hag at Utrecht – as the Red Devils look to bring in the 27-year-old while balancing financial fair play requirements.

Fenerbahce goalkeeper Altay Bayindir is set to complete his move on Friday after Dean Henderson joined Crystal Palace in a £15million deal rising to a potential £20million.

In terms of departures, academy graduate Teden Mengi is expected to complete a permanent move to Premier League new-boys Luton.

Marc Jurado could make a permanent move back to Spain, while young striker Charlie McNeil should complete a loan switch to Stevenage.

Marco Silva admitted it is inevitable that bigger clubs will be interested in Fulham’s players in the wake of the club’s success last season, but would not be drawn on reports Joao Palhinha is set to join Bayern Munich.

Palhinha, who scored a late equaliser in last weekend’s draw against Arsenal, trained with the team on Thursday morning ahead of their trip to face Manchester City at the Etihad Stadium on Saturday.

Reports in Germany have claimed a deal has been agreed in principal between the player and the Bundesliga champions, but the west London club would not confirm the midfielder is about to be sold ahead of Friday’s transfer deadline.

Should Palhinha move to Germany, it would leave limited time to find a replacement for a player who was critical to the side’s successful first season back in the Premier League during the previous campaign.

He featured 35 times in the league as Fulham finished 10th and almost matched their top-flight points record.

Silva said the club had players in mind as possible replacements but would not commit to mentioning names, nor would he shed light on Palhinha’s future, beyond hinting that ultimately it would be decision made jointly from a financial and technical perspective.

“I won’t make any comments about the situation of Joao, there is nothing new to say to you,” he said.

“It’s the business part of the football club; the people that are taking care of that are doing their job, I’m doing my job as well to work for the football club. Anything can happen in the next 36 hours.

“We made a fantastic season. Of course, you receive some offers for the players. Probably it’s the first time this club are receiving so many offers and big offers for players. That means what we did, (is what) people are looking for.

“Now it’s up to us on the financial side to take decisions and in a technical point of view for me to decide if I receive the OK from the club.

“I will not mention players from other clubs. It doesn’t make sense really. If we expect to lose a player like Joao or I can mention other players who are really important for us, of course we should have a replacement be ready to come and help us because we are talking just two days (left) in the market.

“I’ve said in the last few weeks as well, we sold (Aleksandar) Mitrovic (to Al Hilal) and it’s difficult to replace in the striker position. I’m doing my job, it is (my job) to try to give solutions if the club decides to sell any player from our squad.

“We sold a number nine and it’s not easy to go for the number nine market. What I can promise our fans is that we will go for players if I feel they can be good additions for us and they can add something for our club and our squad.

“Signing players just to sign players for more numbers, we are not going to do, even if you’re short in numbers, like now.”

Fulham have been heavily linked with a move for Everton’s Alex Iwobi, who Silva previously signed when he was manager at Goodison Park.

Werder Bremen striker Niclas Fullkrug, who played for Germany at the World Cup in Qatar last year, has also been linked as the club seek a replacement for the departed Mitrovic, who scored 14 Premier League goals last season.

“If no one leaves our club; we have to add a left-back, another midfielder, another forward player,” said Silva. “It’s clear we need it in terms of depth and to be more competitive.

“I would like to have news for you because it would be good for me as a manager and for our fans because they know the reality as well.”

Silva also confirmed the club are trying to agree a new contract with Harrison Reed despite reported interest from Wolves for the midfielder.

“He’s an important player for us,” he said. “If he wasn’t important, he wouldn’t be playing almost all the games since I joined. We have to add players and not lose players right now.”

With Friday’s 11pm transfer deadline approaching, plenty of Premier League clubs are still looking to do business.

Here the PA news agency looks at who still needs what and which deals are on the horizon.

Chelsea to splash the cash again?

Despite yet another whirlwind transfer window Mauricio Pochettino is still making noises about one last name through the door in attack, with Cole Palmer of Manchester City reportedly on the brink of joining in a £40million deal. That would tip Todd Boehly’s spending over the £1billion mark since buying the club last May, but with the manager having repeatedly stated in recent weeks that no player will not be pursued unless they fit a profile, it is likely that Palmer’s capture would mean the squad is finally to the owners’ satisfaction – for now.

United look for reinforcements

It looks increasingly likely that Marc Cucurella will bring to an end his relatively brief Stamford Bridge stay with United in negotiations to make him the left-back to solve Erik ten Hag’s problems in that position. Fiorentina midfielder Sofyan Amrabat, a star of Morocco’s run to the World Cup semi-finals, could also be a late arrival with reports that he is set to undergo a medical at Old Trafford. Ryan Gravenberch of Bayern Munich is an alternative if a deal fails to materialise, but Amrabat is reportedly the club’s favoured option with negotiations at an advanced stage.

Spurs aim to replace Harry Kane

Conor Gallagher is reportedly Spurs’ main target in the final days of the window, despite the Chelsea midfielder having started every game for Pochettino so far and captaining the team on Tuesday night against AFC Wimbledon. With Kane having departed for Germany, Spurs need a forward and Nottingham Forest’s Brennan Johnson is also reported to be the target of a fresh bid after an offer of £43m was rejected earlier this week. Incoming deals could yet hinge around the departure of Pierre-Emile Hojbjerg with a loan move to Atletico Madrid reportedly on the verge of being done.

Will Salah stay at Liverpool?

Liverpool will hope to keep Mohamed Salah despite the forward’s future at the club hitting the headlines over the last week. Saudi Pro League side Al-Ittihad have been heavily linked with the Egyptian, but Reds boss Jurgen Klopp has already dismissed any potential idea of him leaving, with the Saudi transfer window shutting on September 20. Klopp’s much advertised rebuild of his team’s midfield might still be in need of a final puzzle piece and Bayern’s Gravenberch could slot in, with a bid reportedly having been lodged with the Bundesliga champions.

City to tie up Nunes deal?

With a £53m deal understood to have been reached with Wolves for Matheus Nunes, the champions’ incoming business looks like being done, though it also understood that 21-year-old midfielder Tommy Doyle is set to undergo a medical at Molineux to move in the opposite direction for £4.3m. It has also been reported that former West Ham defender Jamal Baptiste, who left the London Stadium when his contract expired earlier in the summer, could join. The 19-year-old could come in to fill a hole in the squad left by the departed Aymeric Laporte.

Any other business?

Brighton are reportedly in the final stages of agreeing a loan deal for Barcelona forward Ansu Fati with the 20-year-old due to travel on Thursday to complete a season-long move. Joao Palhinha could leave Fulham with the player having been subject of a reported £50m bid from Bayern Munich, though it would be leaving it late in the window for Marco Silva’s side to source a replacement for a player who was key to last season’s success. West Ham have been linked with Juventus midfielder Filip Kostic, the 30-year-old Serbia international reportedly valued at £25m by the Serie A side. Striker Hugo Ekitike of Paris St Germain is also reported to be in talks over a move. Arsenal could still move for a full-back following the injury to summer signing Jurrien Timber and the loan departure of Kieran Tierney, with Benfica’s Alexander Bah and Barcelona’s Eric Garcia both touted.

Romelu Lukaku has joined Roma on a season-long loan from Chelsea, ending the long-running stand-off between player and club.

The PA news agency understands the Serie A club will pay an £8million fee with no obligation to buy while also taking on the Belgium striker’s wages, which will be reduced from the £325,000-a-week he earned at Stamford Bridge.

Blues manager Mauricio Pochettino hinted last week that there could still be a place for the 30-year-old in his plans if a deal could not be agreed before Friday’s transfer deadline.

However, PA understands that Roma owner Dan Friedkin’s prioritising of Lukaku’s signing as a critical part of the club’s hopes to return to the Champions League for the first time since 2019 prompted them to ensure a deal was done.

Lukaku has not played for Chelsea, whom he joined for £97.5m from Inter Milan two summers ago, since May 2022 and spent last season on loan back at Inter, helping them reach the Champions League final.

The club were keen to re-sign him this summer but he was reportedly unhappy after being left out of Simone Inzaghi’s starting line-up for the final against Manchester City in Istanbul, which Inter lost 1-0 after Lukaku came on and missed a late opportunity to level the game.

Juventus had also been keen to take him on loan earlier in the summer but it is understood Chelsea had been holding out for a permanent sale, albeit one that would recoup a significant proportion of the fee they paid in 2021.

Lukaku, who first played for Chelsea between 2011 and 2014 but made only 15 appearances between loan spells at West Brom and Everton before being sold to the Goodison Park outfit, will link up with Jose Mourinho, with whom he worked during his time at Manchester United.

Portugal midfielder Matheus Nunes has been given permission to travel to Manchester City for a medical after Wolves agreed a club-record £53million deal.

After overcoming some minor sticking points in final negotiations over an initial £47.3m deal late on Wednesday night, both clubs were able to come to an agreement which involved a bigger fee.

The PA news agency understands there are no add-ons included but there is a 10 per cent sell on fee on any profit City make on the 25-year-old.

Nunes became Wolves’ record signing when he joined from Sporting Lisbon for an initial £38m last summer on a five-year contract with the option of a further 12 months.

He made 34 appearances last term, scoring one goal and proving one assist.

However, on learning of City’s interest Nunes absented himself from training in an attempt to force through a move.

In a separate deal, City’s 21-year-old midfielder Tommy Doyle is set to undergo a medical for a season-long loan at Molineux, with Wolves having a £4.2m option to buy and City retaining a 50 per cent sell-on fee on any profit made on the player.

The England Under-21 international is the grandson of Manchester City greats Mike Doyle and Glyn Pardoe and impressed on loan at Sheffield United last season, scoring four goals and providing seven assists in 38 appearances as he helped the Blades earn promotion to the Premier League.

Portugal midfielder Matheus Nunes has been given permission to travel to Manchester City for a medical after Wolves agreed a club-record £53million deal.

After overcoming some minor sticking points in final negotiations over an initial £47.3m deal late on Wednesday night, both clubs were able to come to an agreement which involved a bigger fee.

The PA news agency understands there are no add-ons included but there is a 10 per cent sell on fee on any profit City make on the 25-year-old.

Nunes became Wolves’ record signing when he joined from Sporting Lisbon for an initial £38m last summer on a five-year contract with the option of a further 12 months.

He made 34 appearances last term, scoring one goal and proving one assist.

However, on learning of City’s interest Nunes absented himself from training in an attempt to force through a move.

In a separate deal, City’s 21-year-old midfielder Tommy Doyle is set to undergo a medical for a season-long loan at Molineux, with Wolves having a £4.2m option to buy and City retaining a 50 per cent sell-on fee on any profit made on the player.

The England Under-21 international is the grandson of Manchester City greats Mike Doyle and Glyn Pardoe and impressed on loan at Sheffield United last season, scoring four goals and providing seven assists in 38 appearances as he helped the Blades earn promotion to the Premier League.

What the papers say

With the transfer deadline looming, Premier League sides are making their final moves as the clock ticks down to September 1. According to the Daily Mail, one of the big moves could see a star name leave the Premier League, with Saudi Arabian side Al-Ittihad gearing up for a £118million bid for Egyptian forward Mohamed Salah, 31. The Daily Star reports that Liverpool boss Jurgen Klopp would be “furious” if the move went ahead.

The Daily Mirror reports Manchester United are keen to nab a midfielder before the transfer window closes, with Sofyan Amrabat, 27, their prime target. The Daily Mail reports Fiorentina have turned down a £1.7million loan deal but would consider a deal with an obligation to buy.

One player who could be on his way out of Old Trafford is English defender Teden Mengi. Luton are close to signing him, according to the Daily Mail.

Tottenham’s move for Wales forward Brennan Johnson, 22, from Nottingham Forest has stalled, according to The Independent. Crystal Palace’s Eberechi Eze, 25, has emerged as a new target.

Social media round-upPlayers to watch

Callum Hudson-Odoi: Nottingham Forest are close to a deal for the England winger, 22, from Chelsea, according to the Guardian.

James McAtee: Manchester City’s England Under-21s midfielder could return for a second loan spell at Sheffield United, who are leading the chase for him, according to Football Insider.

David Luiz rejoined Chelsea from Paris St Germain in a £32million deal on this day in 2016.

The Brazil international returned to familiar territory as then Blues boss Antonio Conte shuffled his pack with full-back Marcos Alonso also arriving from Fiorentina as midfielder Juan Cuadrado joined Juventus on loan.

Luiz, then 23, had initially joined Chelsea from Portuguese side Benfica in a deal worth up to £25million in January 2011.

He had arrived at Stamford Bridge on the same day as striker Fernando Torres, who cost the reigning champions £50million – a record transfer fee between British clubs – when they lured him away from Liverpool.

The defender made 143 appearances in his first spell and won the Champions League, Europa League and the FA Cup before Paris St Germain paid £50million for his services in June 2014 with then Chelsea manager Jose Mourinho preferring to use Gary Cahill and John Terry at the heart of his rearguard.

Luiz’s time in France proved hugely successful as PSG dominated on the domestic front, but after two seasons at the Parc des Princes, he could not resist the opportunity to renew his acquaintance with English football.

Speaking as his return to the Blues was confirmed, he told the club’s official website: “I’m delighted to return to Chelsea. We had a fantastic story during my first time at the club and I want to help the team and Antonio Conte achieve a lot of success.

“I always had a wonderful relationship with the fans and I am looking forward to wearing the blue shirt at Stamford Bridge once again.”

Over the length of his three-year contract, Luiz added a league title, an FA Cup and another Europa League trophy to his tally before making a shock – and for some, controversial – £8million move to derby rivals Arsenal in August 2019 after indicating his desire to leave.

Luiz spent two seasons at the Emirates Stadium and, now 36, is currently playing his club football with Flamengo in Brazil’s Serie A.

Folarin Balogun has completed a permanent move to French club Monaco from Arsenal.

The PA news agency understands the deal for the 22-year-old United States forward is worth 40million euro (£34.3m) and also includes a sell-on clause of 17.5 per cent.

Monaco confirmed Balogun had signed a five-year contract until June 2028.

Balogun joined the Gunners aged 10 and developed through the club’s academy before signing a first professional contract in February 2019 and made his senior debut in the Europa League the following year.

In January 2022, Balogun joined Sky Bet Championship side Middlesbrough on loan and he spent last season in Ligue 1 at Reims, where he scored 21 goals.

A club statement from the Gunners read: “We thank Folarin for his contribution to Arsenal, through our Academy into the first team, and wish him the best of health and happiness in his new chapter at Monaco.”

Manchester City signed Belgium international Kevin De Bruyne from Wolfsburg, on this day in 2015.

City paid a then club-record fee, reported to be in the region of £54million, for a man who has been at the heart of what they have achieved since.

The 24-year-old, who arrived in the Premier League as Germany’s footballer of the year, signed an initial six-year contract to launch the latest, spectacularly-successful phase of his career.

Born in the Drongen district of Ghent, De Bruyne began his professional career at Genk and was a Belgian title-winner in 2010-11, prompting Chelsea to invest £6.7million in his services in January 2012, although he remained at his first club for the remainder of that campaign before joining Werder Bremen on a season-long loan deal.

The midfield schemer finally made his Blues debut in a 2-0 Premier League victory over Hull in August 2013, providing the assist for Oscar’s opening goal in an impressive display.

However, that proved to be one of only nine senior appearances for the club and he was sold to Wolfsburg in the January of the following year.

Speaking shortly before his £18million departure for the Bundesliga, then Chelsea boss Jose Mourinho said: “We know that Kevin didn’t adapt very well to the difficult life a Chelsea player has.”

If English football had proved testing for the blossoming Belgian, he found his feet in style in Germany and returned to the Premier League as one of the most promising talents in the world game when he arrived at the Etihad Stadium.

He said at the time: “I just want to win. I won two cups at Wolfsburg and I just want to keep on winning and I think here’s a good chance to win some titles with a team who have a lot of quality players.”

That has proved something of an understatement.

Since making his City debut as a substitute in a 1-0 league win at Crystal Palace on September 12, 2015, De Bruyne has helped the club win the Champions League, five Premier League titles, two FA Cups and the League Cup on five occasions.

Twice named PFA footballer of the year, he has also been capped 99 times and scored 26 goals for Belgium, whom he has represented at three World Cup finals tournaments.

Liverpool captain Virgil van Dijk has been charged with acting in an improper manner following his red card at Newcastle on Sunday.

The Netherlands international was dismissed for a foul on Alexander Isak in the first half of Liverpool’s 2-1 victory at St James’ Park but the centre-back initially refused to leave the pitch and then remonstrated with referee John Brooks.

That earned him an automatic one-match ban against Aston Villa this weekend but the suspension could be increased, which could see him sit out the trip to Wolves also.

“Virgil van Dijk has been charged with a breach of FA Rule E3.1 following Liverpool’s Premier League game against Newcastle United on Sunday, 27 August,” read a statement from the Football Association.

“It’s alleged that the defender acted in an improper manner and/or used abusive and/or insulting words towards a match official.”

Van Dijk has until Friday to respond to the charge.

Chelsea have agreed a season-long loan deal with Roma for Romelu Lukaku, the PA news agency understands.

The Serie A side will pay £8million to take the wantaway striker for a year as a solution to the stand-off between player and club appears finally to be in sight.

PA understands that there is no obligation for the club to make the deal permanent.

The uncertainty surrounding Lukaku, who joined Chelsea for £97.5m in 2021 but scored only eight Premier League goals in 26 games before being loaned out to Inter Milan last season, has hung over the early weeks of Mauricio Pochettino’s time in charge.

The manager hinted last week that he would be willing to consider reintegrating the Belgium international into his squad if no deal for him to leave could be reached before Friday’s transfer deadline.

But that impasse was averted on Monday night after a deal was struck for the 30-year-old, who spent three years on Chelsea’s books between 2011-14 but made just 10 appearances between loan spells at West Brom and Everton, to join up with ex-Blues boss Jose Mourinho in the Italian capital.