Raheem Sterling looks set to be the first major signing of the Todd Boehly era at Chelsea as they have reportedly agreed a fee with Manchester City.
The England forward will cost 47.5 million (HK$448.68 million), according to Sky, while the BBC believes the deal is worth up to 50 million including add-ons.
New Chelsea chairman Boehly has thrust himself to the fore of transfer negotiations with the American also acting as interim sporting director in the post-Roman Abramovich era.
Sterling's signing will endorse Boehly's high-profile involvement as both Barcelona and Real Madrid were believed to be keen to buy him.
The 27-year-old has reportedly agreed personal terms and, subject to a medical, will sign a five-year contract with the option of a further year. Sterling will fill the void left by record signing Romelu Lukaku, who returned to Inter Milan on loan just a year after the Blues splashed out 97 million on the Belgian striker.
Sterling joined City for 49 million in 2015 from Liverpool and has won four Premier League titles. A key player in the early years of Pep Guardiola's reign at City, he scored 131 goals in 337 appearances for the English champions.
City have bolstered their attacking options for the new season with the arrival of Erling Haaland and Julian Alvarez.
AGENCE FRANCE-PRESSE
Raheem Sterling