Transfer: Chelsea sign Man City midfielder Palmer

Chelsea have signed Manchester City midfielder Cole Palmer.

Palmer has signed a seven-year deal with Chelsea and arrives for a fee of £40m plus £2m in bonuses.

“I’m excited to get started and it feels great to sign,” he said.

“I’ve joined Chelsea because the project here sounds good and because of the platform I will have to try to showcase my talents.

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“It is a young and hungry squad and, hopefully, we can do something special.”

Palmer joins from City after in both the Uefa Super Cup win over Sevilla and the Community Shield defeat by Arsenal last month.

“Cole arrives with the experience of winning the Premier League and Champions League and adds further quality and versatility to our attacking unit,” said Chelsea co-sporting directors Laurence Stewart and Paul Winstanley.

“He has showcased his talent and potential in the most challenging environments and delivered on the international stage for England at the European Under-21 Championships.

“He is undoubtedly ready for this next step and we are delighted it will be with Chelsea.”