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Chelsea 'reach £40m agreement with Man City for Cole Palmer' as the 21-year-old 'prepares to undergo a medical at Stamford Bridge'

Chelsea have reached a £40m agreement with Manchester City for Cole Palmer, according to reports.

The 21-year-old has been linked with a summer exit from the reigning Premier League champions given a lack of starting opportunities withing Pep Guardiola's side.

An agreement in principle has now been agreed between the two English giants with Palmer set to undergo a medical at Stamford Bridge, as reported by Fabrizio Romano.

More to follow.

Chelsea have reportedly reached a £40m agreement with Manchester City for Cole Palmer