Chelsea and Atletico Madrid Finalize Conor Gallagher Transfer for £38m

Transfer Update: Chelsea and Atletico Madrid Close in on Major Deals

In an exciting twist in the summer transfer saga, Chelsea and Atletico Madrid are nearing the completion of significant deals for Conor Gallagher and Samu Omorodion, with each transfer reportedly set at £38 million (approximately €42 million), according to Sky Sports News.

Gallagher's Move to Madrid

Gallagher has received clearance to fly to Madrid, where he is slated to undergo a medical examination later this week. Following a successful medical, he is expected to ink a five-year contract with Atletico. Although the contracts are not finalized yet, insiders maintain that the conclusion of the transfer is imminent.

Understanding the Transfers

Atletico Madrid has also reached an agreement on personal terms with Julian Alvarez, who is making the switch from Manchester City for a whopping £82 million. This transfer is fundamental to the other dealings as Chelsea's acquisition of Omorodion relies on Atletico securing a suitable replacement for Alvarez.

Omorodion's Performance in La Liga

During his loan stint at Deportivo Alaves, Omorodion showcased his talent by netting eight goals in 35 La Liga matches last season. Chelsea had previously accepted a £34 million offer from Atletico last week after failing to reach an agreement with Gallagher over a new contract.

Gallagher's Decision Dynamics

Despite interest from two other major Premier League clubs regarding Gallagher's services in recent days, he has made the decision to join Atletico Madrid. Remarkably, Gallagher finalized his choice just a minute before the weekend deadline.

Interest from Other Premier League Clubs

While Chelsea had an opportunity to transfer Gallagher to Aston Villa for a larger sum earlier this summer, he opted to remain at Stamford Bridge. Tottenham also expressed interest but did not succeed in securing his commitment.

Atletico Madrid's Investment in Alvarez

On the other side, Atletico's agreement with Manchester City for Julian Alvarez is a noteworthy deal, reportedly amounting to £82 million, inclusive of up to £95 million with add-ons. The transaction involves an initial payment of £64 million, marking a potentially record-breaking sale for Manchester City.

Financial Gains for Manchester City

This acquisition represents a substantial profit for City, considering they spent just £14 million on Alvarez from River Plate in January 2022.

Key Dates for the Summer Transfer Window

The summer transfer window for 2024 is set to close on August 30 at 11 PM UK time for the Premier League, with a half-hour extension for Scottish leagues. The decision to align the Deadline Day with other major European leagues was reached after consultations between the leagues in England, Germany, Italy, Spain, and France.

Stay tuned for more updates on these transfers as they unfold!