Chelsea reach agreement for £34m deal, following contract rejection: report

Chelsea's busy summer looks set to kick into another gear after reaching a transfer agreement with Atletico Madrid for a contract rebel.

The Blues have already sealed a number of high-profile incomings and outgoings as they look to continue their youth-focussed recruitment overhaul while balancing the books with some major first team departures.

Enzo Maresca's side look far from finished in the transfer market, with rumours continuing to swirl regarding potential incomings and departures.

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Chelsea agree deal following contract rejection

Despite their infamous spending habits over the last few years, Chelsea have managed to stay afloat thanks to some shrewd sales of players not quite deemed untouchable.

Kai Havertz, Mason Mount and Ian Maatsen have all departed for fees north of £35 million in the last two years, while sizeable fees for ageing squad members such as Mateo Kovacic and Kalidou Koulibaly have helped fund the Stamford Bridge revolution.

Such deals have seen them pocket well over £300 million in the last 18 months alone, more than any other Premier League side in the same timeframe, with reports suggesting that amount will continue to grow before the end of the transfer window.

Next on the chopping block is academy graduate Conor Gallagher who, at just 24 years old, has already captained the Blues on numerous occasions.

The England international has been the focus of regular speculation since his blistering loan spell at Crystal Palace , with a move to Tottenham Hotspur widely touted last summer.

However, it appears Gallagher's time at Stamford Bridge is edging to a close after journalist Ben Jacobs revealed that a £34 million deal for the player had been agreed with Spanish giants Atletico Madrid .

The Athletic also claims that Gallagher rejected a contract offer from his boyhood club after they refused to offer him financial parity with the club's top earners.

This left the midfielder with just one year on his deal, forcing Chelsea into a sale this summer for a fee shy of the quoted £50 million price tag of last season.

The move would make Gallagher the 24th English player to play in La Liga, following in the footsteps of the like of David Beckham, Michael Owen and Jude Bellingham.

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