BREAKING: Chelsea agree British-record £115m fee for Caicedo

Chelsea have agreed a deal with Brighton worth a British record £115m for midfielder Moises Caicedo.

The Blues are understood to be paying an initial £100m, plus £15m in performance-related add-ons.

BREAKING! Chelsea have agreed a deal with Brighton worth a British record £115m for midfielder Moises Caicedo.

Chelsea are understood to be paying an initial £100m, plus £15m in performance-related add-ons. pic.twitter.com/UeALMdZd7H

— Sky Sports Premier League (@SkySportsPL) August 13, 2023

Caicedo has been granted permission by Brighton to have a Chelsea medical, which is expected to take place on Monday.

BREAKING! Chelsea have agreed a deal with Brighton worth a British record £115m for midfielder Moises Caicedo. pic.twitter.com/juc9iqEt0Z

— Sky Sports News (@SkySportsNews) August 13, 2023

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The midfielder will sign an eight-year contract, with the option of a further year.

Liverpool agreed a £111m deal to sign Caicedo earlier this week but the move fell through when the 21-year-old informed the club he intended to join Chelsea.

More to follow…