Chelsea have officially announced the signing of Cole Palmer from Manchester City in a deal worth £42.5m.
A statement on the club’s official website said: “Chelsea is pleased to announce the signing of England Under-21 international Cole Palmer from Manchester City,” adding: “Palmer has signed a seven-year contract – with a club option of a further year – at Stamford Bridge and will join up with Mauricio Pochettino’s squad ahead of our Premier League fixture with Nottingham Forest. “
Speaking after signing, Palmer said: “I’m excited to get started and it feels great to sign,” said Palmer, adding: “I’ve joined Chelsea because the project here sounds good and because of the platform I will have to try to showcase my talents. It is a young and hungry squad and, hopefully, we can do something special.”
Palmer joined Manchester City’s academy at U8 level and moved through the youth ranks at the club. He captained City’s U18s during the 2019-20 season and helped the side win the FA Youth Cup, scoring in the final against Chelsea. There was senior involvement for the winger during that campaign; he was named among the substitutes on four occasions, including for a Premier League fixture against Chelsea at Stamford Bridge.
Last season, the 21-year-old established himself as a regular in the City’s first-team squad. He made 25 appearances across all competitions and ended the campaign as a Premier League, Champions League, and FA Cup winner. Palmer then went on to celebrate international success as, alongside Levi Colwill and Noni Madueke, he lifted the European U21 Championship with England this summer.
Palmer has made an impressive start to the current campaign – he scored in both the Community Shield and UEFA Super Cup – but will now continue his career at Stamford Bridge.