Chelsea no longer interested in signing £120m Premier League star

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Chelsea Football Club have officially withdrawn from the pursuit of Newcastle United striker Alexander Isak, citing an inability to meet the financial demands of the potential transfer.

According to a report from The Sun, the Blues, under the new management of Enzo Maresca, were reluctant to match Newcastle’s hefty valuation of over £100 million for the Swedish international.

Newcastle United values Isak at closer to £120 million in the current market, a price point that Chelsea found excessive. Despite reportedly holding talks with the 24-year-old forward this week, both parties failed to reach an agreement, making a deal unlikely.

Sources suggest that Newcastle were wary of Chelsea attempting to leverage their PSR (Profitability and Sustainability Regulations) issues to secure Isak at a lower price. This, coupled with Chelsea’s struggle to meet Isak’s wage demands, further complicated the negotiations.

The striker, currently earning around £120,000 a week, would have expected a substantial increase to approximately £200,000 a week to move to Stamford Bridge.

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