Joao Felix, the forward for Atletico Madrid, has a fee in principle agreed upon by Chelsea; Conor Gallagher will be moving in the opposite way as part of the agreement.
The 24-year-old Portugal international may return to Stamford Bridge on a six-year contract with an option for a further season for an unknown fee.
Felix will return following a 2023 loan stint at Chelsea with this move, which is contingent upon a medical clearance.
In his 20 appearances during his prior stint in west London, he scored four goals.
Gallagher, an England midfielder, is expected to agree to a five-year contract with Atletico.
After being indefinitely sidelined, he had been working out by himself at the Cobham training facility of the team.
Gallagher’s £33 million move to Madrid was postponed due to the breakdown of Chelsea’s negotiations to buy striker Samu Omorodion; Atleti had to generate money through a significant first-team sell in order to finalize the deal.
Gallagher will now be able to sign at Wanda Metropolitano Stadium, where he was last seen nine days ago, anticipating a move before a delay forced him to return to London last Tuesday. Felix’s move to Chelsea will make this possible.
Prior to the August 30 deadline, Chelsea will concentrate on player sales. However, the Italian team will not give up on signing Romelu Lukaku, who is still on Chelsea’s roster but has no future in west London, and they will still be interested in signing Napoli striker Victor Osimhen.
Lukaku is reportedly the subject of a second offer from Napoli, who have to pay £25.5 million to purchase the player.
After falling short of Chelsea’s asking price of about £35 million, it is anticipated to be rejected.
