Chelsea transfer news: New Cole Palmer price tag revealed after talks latest - sources

Transfer Correspondent AUTHORITY Former Sky Sports and ESPN FC correspondent who specialises in global recruitment, contract negotiations, and high-velocity transfer breaking news. FOCUS Exclusive reporting, domestic and international transfer markets, and elite-level insights. THE INSIGHT Pete utilises a Global Network of Industry Sources to deliver verified, first-to-market reporting. His “Deep-Lens” analysis connects the dots between boardroom strategy and pitch-level recruitment, providing a level of transfer clarity that goes beyond surface-level rumours.

Published on:

24 Mar 2024, 5:00 am

Chelsea value attacking midfield sensation Cole Palmer at more than £85million just six months into his time at the club, sources have told Football Insider.

The Blues paid a reported fee of £42.5million after add-ons to land the 21-year-old last summer (2023) and he has thrived at Stamford Bridge.

A well-placed source has told Football Insider that Chelsea would look to at least double their money if Palmer were to be sold.

Football Insider revealed on Monday (18 March) that the Londoners are ready to give him a big-money new contract to reflect his importance to the side.

Palmer is not currently near the highest-paid bracket of players at Stamford Bridge and it is believed he will be given a significant pay rise if a new deal is signed.

Chelsea's willingness to negotiate comes despite his current deal running until June 2030 - with the Blues looking to keep the midfielder happy.

The Londoners already value Palmer at more than £85million and could demand a fee comparable to the figures paid for Declan Rice and Jack Grealish if they are forced to sell.

Palmer has managed 14 goals and 12 assists in 34 appearances across all competitions for Mauricio Pochettino's side this term.

The 21-year-old's value could grow even further if he impresses for England in friendlies against Brazil and Belgium later this month.

In other news, Chelsea set to miss out on £20million payout after source’s talks update.

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