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Manchester City agrees record £125m deal for Chelsea midfielder Fernandez

Manchester City have secured an agreement with Chelsea to sign midfielder Enzo Fernandez for £125 million, establishing a new Premier League transfer record.

LSN Singapore · 1 September 2026

Manchester City agrees record £125m deal for Chelsea midfielder Fernandez

The English champions have reached terms with Chelsea over the acquisition of the Argentine midfielder, according to reports in British media on Tuesday. The fee of £125 million ($169.08 million) is set to surpass the previous Premier League record for a player transfer.

Fernandez, who joined Chelsea from Benfica in January 2023, has established himself as a key player for the London club despite mixed fortunes since his arrival. The 23-year-old's move to the Etihad Stadium marks a significant investment by Manchester City's management as they continue to strengthen their squad.

The transfer comes as Manchester City look to bolster their midfield options ahead of the new season. Fernandez's arrival would represent a substantial commitment of resources to the club's ambitions for domestic and European competition.

The agreement between the two Premier League clubs comes following sustained speculation about the player's future. Should the deal be finalised, it would demonstrate the competitive spending power of elite English clubs in the transfer market.