Chelsea withdraw from £52,000,000 race to sign Manuel Ugarte ahead of Paris Saint-Germain

According to sources in Portugal, Chelsea has withdrawn from the race to sign midfielder Manuel Ugarte from Sporting.

Chelsea and Paris Saint-Germain have been vying to recruit the Uruguayan international for the opening of the summer transfer window, and over the past few weeks, there have been in-depth discussions with the midfielder’s representation.

Ugarte’s buyout clause in his contract with Sporting is about €60 million (£52.2 million), and both Chelsea and PSG are willing to match it, but it seemed that the midfielder preferred a transfer to the Premier League.

However, late on Sunday night, both A Bola and Record reported that PSG significantly enhanced their initial contract offers and Chelsea are no longer willing to match the French champions’ offer.

According to Record, PSG increased their offer from €5 million (£4.3 million) to €10 million (£8.6 million) a season. In the meantime, Chelsea scheduled Ugarte’s medical exams since they believed he would turn down a transfer to Paris.

 

Ugarte’s transfer to PSG is now likely to happen, barring the midfielder accepting a substantially lower offer, since Chelsea are reportedly reluctant to pay too much for him.

Chelsea may make another effort for Brighton midfielder Moises Caicedo this summer as a result of its decision to give up on the pursuit of Ugarte.

In the January transfer window, Chelsea made a last-minute approach, and Brighton turned down several proposals from Arsenal, including one for £70 million.

 

 

 

 

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