Declan Rice cited after ‘extraordinary’ Chelsea deal agreed – pundit

Chelsea overpaid for Moises Caicedo despite the transfer threat of Liverpool.

Speaking exclusively to Football Insider, former West Ham striker Frank McAvennie has claimed that the Blues’ capture of Caicedo is a reflection of the current state of the transfer market.

Chelsea completed a British-record deal for Moises Caicedo in a deal worth up to £115m.

They signed the player from Brighton after they agreed to improve on Liverpool’s £111m offer that had been accepted two days earlier.

Caicedo informed Liverpool on the Friday before the season began that he wanted to join Chelsea, which opened the door again for the London club to renegotiate.

Following Caicedo’s move to Chelsea, McAvennie believes that the Blues paid over the odds for the midfielder.

“I don’t think anyone is worth that amount of money,” he told Football Insider.

“He’s a good player, but no one in the Premier League is worth £115million at the moment.

“Caicedo will know he is not worth that either, but it is the way football is now, the route it has gone down. It has gone mad

“I thought Declan Rice’s transfer to Arsenal for £105million was extraordinary money, but now it seems to be the norm.

“It’s a big ask for these young players with such high price tags, as can Caicedo walk into Chelsea with that pressure on his back.

“But it seems if you’re not worth £100million in this day and age, then you are not a good player.”

In other news, Premier League to stamp out Chelsea loophole after £150m reveal