Mateo Kovacic set to agree £40m move to Man City

Mateo Kovacic of Chelsea is about to join Manchester City in a €40 million deal.

According to information received, the two clubs' recent negotiations have gone well and there is wide agreement on the transfer price.

This prompted in-depth discussions on the payments' structure.

After spending almost £600 million in Todd Boehly's first season as owner, Chelsea is under pressure to generate money via player sales after completely missing out on European qualifying.

Any expenses finished before June 30 will be included in the first full tax year, which will assist reduce losses and make it easier to comply with UEFA's Financial Fair Play regulations.