Chelsea have agreed a fee in principle for Atletico Madrid forward Joao Felix, with Conor Gallagher moving in the other direction as part of the deal.

The fee for the 24-year-old Portugal international is undisclosed, but it will allow him to return to Stamford Bridge on a six-year deal with an option for a further season.

England midfielder Gallagher, meanwhile, is set to sign a five-year deal with Atletico.

Chelsea remain interested in Napoli striker Victor Osimhen, as the Italian club continue their efforts to sign Romelu Lukaku, who remains on Chelsea’s books but has no future in west London.

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