Manchester City have agreed a £125 million deal to sign Enzo Fernandez from Chelsea on transfer Deadline Day.
The move would see the Argentina international leave Stamford Bridge after three and a half years and reunite with his former Chelsea manager, Enzo Maresca, at Manchester City.
The £125m fee matches the British transfer record, making Enzo Fernandez one of the most expensive players in Premier League history.
Manchester City Agree £125m Deal for Enzo Fernandez
Manchester City have reached an agreement with Chelsea to sign Enzo Fernandez in a huge £125m transfer.
Fernandez joined Chelsea from Benfica for £107m in 2023, and the deal means Chelsea will make an £18m profit on the midfielder.
The Argentine played in Chelsea’s first Premier League game of the season against Fulham but was later left out of the squad for matches against Luton and Brighton.
Now, his time at Chelsea looks set to come to an end.
Enzo Fernandez Set to Reunite With Enzo Maresca
One of the main reasons behind Fernandez’s move is believed to be the chance to work with Enzo Maresca again.
Fernandez previously played under Maresca at Chelsea and made it clear that he wanted to join Manchester City.
The midfielder is now expected to undergo his medical and complete the final steps of his move before the transfer window closes.
For Manchester City, the signing would add another top-quality player to their midfield.
Chelsea Searching for a Replacement
Chelsea are now working to find a replacement for Fernandez.
The club have been linked with several midfielders, including Roma’s Manu Kone and Monaco’s Lamine Camara.
Chelsea are also looking at other possible options in the Premier League as they try to strengthen their midfield before the deadline.
Fernandez’s departure would leave a big gap in Chelsea’s squad, especially with the club already dealing with concerns over the fitness of some of their midfield players.
Chelsea Make Major Profit From Player Sales
The sale of Fernandez would also have a major impact on Chelsea’s transfer business.
Chelsea are set to bring in £415m from player sales during the transfer window, breaking their previous club record.
The Blues have spent around £342m on new signings, meaning they could finish the window with a profit.
The £125m deal for Fernandez is one of the biggest transfers of the summer and could change the final spending figures for both clubs.
Manchester City’s Midfield Gets Stronger
Manchester City have already made major changes to their squad this summer, and the arrival of Fernandez would further strengthen their midfield.
The Argentine is expected to join a new-look City midfield alongside other recent additions.
Former Liverpool defender Jamie Carragher believes the signing could make Manchester City Arsenal’s biggest challengers for the Premier League title.
Carragher said City’s midfield now looks much stronger and believes they have a real chance of challenging Arsenal.
A Big Loss for Chelsea?
Former Liverpool midfielder Jamie Redknapp believes Chelsea will feel the loss of Fernandez.
While the £125m fee gives Chelsea a huge financial return, replacing a player of Fernandez’s quality will not be easy.
Chelsea already have several options in midfield, including Moises Caicedo and Romeo Lavia, but injuries and squad depth could become a concern.
The Blues will therefore be hoping to bring in another midfielder before the transfer window closes.
What Happens Next?
With a deal now agreed between Chelsea and Manchester City, Fernandez is expected to complete his medical and finalise his move.
Chelsea, meanwhile, will continue their search for a replacement.
The transfer window closes at 11pm, although clubs can submit a deal sheet before the deadline to give themselves extra time to complete a transfer.
If the deal goes through, Enzo Fernandez will leave Chelsea after three and a half years and begin a new chapter with Manchester City.