Enzo Fernandez joined Chelsea from Benfica for £107m in 2023; the Argentine played in Chelsea's first Premier League game of the season against Fulham but was not involved against Luton in the Carabao Cup and left out again when they faced Brighton
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Manchester City have agreed a deal with Chelsea to sign Enzo Fernandez for £125m.
The deal matches the British record transfer fee Liverpool paid for Newcastle striker Alexander Isak during last year's summer Deadline Day.
Chelsea will make a £18m profit on the midfielder they signed for £107m three and a half years ago.
Fernandez made it clear he wanted a move to City where he will be reunited with his former Chelsea boss Enzo Maresca. The player will now take a medical and finalise his move to City.
Chelsea are working to bring in a replacement for the Argentina international. They have been pursuing Roma's Manu Kone and Monaco's Lamine Camara as well as exploring potential Premier League midfielders.
The transfer window shuts at 11pm but clubs can submit deal sheets to give themselves an extra two hours to complete deals beyond the deadline.
As things stand, Chelsea have been the Premier League's biggest spenders and Man City have been the Premier League's biggest sellers in this window.
The deal for Enzo Fernandez will see the two clubs swap places in terms of the spending and selling rankings.
Chelsea will have made £415m from player sales alone in this window, which surpasses their own record set last summer (£314m).
It is higher if you include the £17m compensation they received from City for Enzo Maresca. Chelsea have spent £342m on signings, which means they are currently in profit of £73m for the window.
Meanwhile, City's spending is set to hit £375m with the arrival of Fernandez. They have generated nearly £315m from player sales, leaving them with a net spend of £60m in this window.
"Myself and plenty of others have felt Chelsea will have a really good season. And I still believe that a lot of that is on the back of not having European football, having a new manager, the front three that they've got.
"But they're losing Enzo Fernandez, who, for me has been one of the big players for Chelsea.
