Chelsea have reached an agreement with Manchester City to sign Cole Palmer for £40million plus £5million in add-ons.

The 21-year-old attacking midfielder has already accepted a move to Stamford Bridge. Personal terms are expected to be a formality and a medical is now being scheduled.

Transfer expert Fabrizio Romano tweeted: “Cole Palmer to Chelsea, here we go! Agreement in principle reached with Manchester City on £40m deal plus £5m add-ons.

“Exclusive news revealed earlier today then quick resolution between clubs and green light from Palmer.

“Medical tests to be booked soon.”