Manchester City have reached an agreement with Chelsea to sign Argentina midfielder Enzo Fernandez for £125 million, according to reports, in a deal that would match the British transfer record.
Fernandez has been given permission to undergo a medical as the clubs work to complete the transfer before the summer window closes on Tuesday night.
The proposed fee would equal the British transfer record set by Liverpool when they signed Alexander Isak from Newcastle United last year, while also making Fernandez one of the most expensive players in Premier League history.
Fernandez set for another record-breaking transfer
The move would mark another extraordinary chapter in the career of the Argentine midfielder, who joined Chelsea from Benfica in January 2023 for £106.8 million, a British record fee at the time.
Chelsea handed Fernandez an eight-and-a-half-year contract following his arrival from Portugal, securing one of the standout midfielders from Argentina’s World Cup-winning generation.
Now, less than four years later, the 25-year-old could be involved in another record-equalling transfer, with Manchester City moving to add one of the Premier League’s most established midfielders to their squad.
The deal remains subject to the completion of the usual formalities, including Fernandez’s medical, with the transfer window scheduled to close at 11pm BST.
A major deadline-day move for Manchester City
City’s agreement with Chelsea represents one of the biggest developments of the final day of the transfer window and would see Fernandez make the unusual move between two Premier League rivals.
The Argentine has established himself as a central figure in Chelsea’s midfield since arriving from Benfica, combining his passing range with an ability to influence matches in more advanced areas.
His potential arrival would give Manchester City another high-profile option in the centre of the pitch and underline the scale of the club’s ambitions heading into the rest of the season.
City and Chelsea have not announced the transfer, and the move will only become official once the remaining procedures have been completed. Supporters can follow the latest confirmed Premier League transfers through the official Premier League website.
What happens next?
The immediate focus will be on Fernandez completing his medical and the paperwork required before the deadline.
If finalised, the transfer would bring an end to another significant chapter in Fernandez’s career and give Manchester City one of the most expensive signings ever made by an English club.
For Chelsea, the departure of a player signed for a record fee in 2023 would also leave the club facing a major midfield decision as the transfer window reaches its final hours.
The next developments are expected to come quickly, with the agreement between the two clubs placing Fernandez’s proposed move among the defining stories of transfer deadline day.
