As the transfer window heats up, significant developments are underway involving Atletico Madrid and Manchester City, Chelsea's long-time midfielder Conor Gallagher, and a promising young Brazilian star.
These developments are among many that will mark significant shifts in the summer transfer market and set the stage for an exciting season ahead.
Atletico Madrid Propose for Julian Alvarez Swap with Manchester City
Atletico Madrid have proposed a deal to Manchester City involving a loan of Joao Felix with an option to buy, plus cash, in exchange for Julian Alvarez.
Although the Premier League champions are keen to retain Alvarez, the 24-year-old striker is reportedly interested in moving to Atletico due to frustration over limited playing time in key games. According to widespread reports, City value Alvarez at £75 million, plus £10 million in performance-based bonuses.
Atletico have been unable to finalise a deal for Alvarez earlier this summer, and Paris Saint-Germain remain interested in him. Joao Felix, who scored ten goals for Barcelona last season, has an uncertain future with Atletico despite featuring in pre-season games. All in all, time will tell if Alvarez will be heading to Spain permanently or staying put at the Etihad.
Conor Gallagher to Join Atletico Madrid in £33.7m Deal After 16 Years at Chelsea
England midfielder Conor Gallagher is set to leave Chelsea after 16 years and sign a five-year contract with Atletico Madrid. Chelsea and Atletico agreed on a £33.7 million deal, with final terms expected to be signed today.
Despite interest from Tottenham, Gallagher chose Rojiblancos. Chelsea advised Gallagher to move on, especially after learning he would have a reduced role under new manager Enzo Maresca.
Chelsea had previously offered Gallagher a two-year contract extension, which he declined, seeking a longer-term deal and rightly so. It is believed Chelsea are now targeting Celtic's Matt O'Riley as a potential replacement for Gallagher.
Chelsea Near £20.5M Deal for 16-Year-Old Brazilian Gabriel Mec
Chelsea are close to signing 16-year-old Brazilian attacker Gabriel Mec from Gremio for £20.5 million (€24 million), according to Brazilian outlet Globo.
The move aligns with Chelsea's strategy under Todd Boehly and Clearlake Capital, who have been focusing on acquiring young talent since their 2022 takeover. This summer, Chelsea have already signed seven new players and previously announced the signing of 17-year-old Estevao Willian from Palmeiras for £28 million.
Mec, whose agent is Neymar Sr., has not yet made his first-team debut for Gremio but has shown promise in the Brazilian Under-20 Championship. If the deal goes through, Mec would join Chelsea when he turns 18, adhering to international transfer regulations for minors.
This potential signing would bring Boehly's total spending on teenage players to £303 million since his takeover last summer, with 17 teenagers signed in total.
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