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Transfer Deadline Day Live: Breaking down all the major deals, rumors

Transfer deadline day is in full swing. We’re providing live, quick-hit analysis of the biggest deals – and rumors – until tonight’s 6 p.m. ET deadline.

DONE DEAL: Bayern add Cancelo ?

  • Details: Loan with reported €70M purchase option (Read more)

This one came out of left field.

A testy disagreement with Pep Guardiola over a recent lack of playing time appears to be the catalyst for Joao Cancelo’s sudden, surprising move to Bavaria. Even in an era where players have more influence than ever before, an argument with a manager as powerful as Guardiola – at a club where he has been granted autonomy, more or less – is only going to have one winner. Nevertheless, this is a gamble for Guardiola and Manchester City, who are now relying very heavily on 18-year-old academy graduate Rico Lewis to maintain his current form through the end of the season. Lewis is an exciting prospect and clearly has Guardiola’s trust after his recent emergence into the starting lineup, but that’s a lot to ask of a teenager, especially for a club that is competing on three fronts and harbors serious ambitions of winning every title still available to them this season.

Cancelo has also spent plenty of time at left-back, and his departure leaves City leaning heavily on center-back Nathan Ake to cover that position. Sergio Gomez has been poor since his summer arrival from Anderlecht, Aymeric Laporte is unconvincing at full-back, and young prospect Josh Wilson-Esbrand was sent on loan to Coventry City earlier in January.

S. Mellar / FC Bayern / Getty

On the flip side, the move makes plenty of sense for Bayern Munich, who need a jolt to break out of their recent funk after the World Cup break; Bayern have tied all three of their post-World Cup matches, a string of results that has seen their lead atop the Bundesliga dwindle to one point. With injuries limiting Noussair Mazraoui all season, and Benjamin Pavard tipped with a summer move away from the club, Cancelo addresses an immediate need, and, if he slots in at right-back, could give Bayern one of the game’s most electrifying full-back duos playing opposite Alphonso Davies.

“He’s the optimal fit in our system with his attacking style of play and dynamism, and his mentality and experience fit very well in our team.” Bayern sporting director Hasan Salihamidzic said of the move.

Chelsea optimistic about Enzo

Chelsea are making progress in their effort to sign World Cup star Enzo Fernandez. The Blues’ on-again, off-again pursuit was revived over the weekend, and there is now heightened optimism that a deal can be struck before Tuesday’s deadline, sources told David Ornstein of The Athletic. Fernandez has been granted permission to undergo his medicals in Portugal, removing that potential hurdle in case Benfica and Chelsea reach an agreement over payment structure.

Benfica have remained steadfast in their assertion that the Argentine midfielder won’t be sold unless his €120-million release clause is met in one lump sum. The fee itself isn’t an issue for Chelsea, who have not been shy about spending exorbitant amounts since Todd Boehly and Clearlake Capital assumed control, but it’s believed the west London side would prefer to make that gargantuan payment in several instalments.

If sealed, the move would break the British transfer record, which currently belongs to Manchester City and Jack Grealish.

Chris Brunskill/Fantasista / Getty Images Sport / Getty

Chelsea, languishing in 10th place in the Premier League, are desperately looking for midfield reinforcements due to N’Golo Kante’s ongoing injury issues and Jorginho entering the final few months of his contract (more on him below). Fellow midfielder Conor Gallagher was the subject of interest from Everton but the 22-year-old isn’t interested in the move, according to The Athletic’s Liam Twomey.

Arsenal set to sign Jorginho

The anticipated deal for Jorginho seems to have divided Arsenal’s fanbase.

One on hand, the Gunners would be acquiring a serial winner – he won the Europa League and Champions League with Chelsea, and was one of the tournament’s standout players when Italy won the European Championship in 2021 – and somebody who’s an expert at breaking up play and maintaining possession for his team.

John Walton – PA Images / PA Images / Getty

The naysayers are quick to point out that Jorginho’s use of the ball can be rather unadventurous – something that could be a hindrance for a side that tries to quickly release Bukayo Saka and its other quick attackers – and that he’s slow by Premier League standards.

But at £12 million, doesn’t the 31-year-old represent good backup for the base of midfield? The options behind Thomas Partey are pretty shallow or unimpressive, so Jorginho could be a valuable piece to take some of the Europa League workload and cover spare minutes in the Premier League.

Amrabat trying to force move?

Transfer deadline day doesn’t really begin until an in-demand player posts a cryptic social media message that casts doubt over their future. Sofyan Amrabat is keeping that time-honored tradition alive.

Mike Hewitt – FIFA / FIFA / Getty

The Fiorentina midfielder is a target for Barcelona, who reportedly offered a package worth up to €40 million for his services. That was rejected by the Tuscan club, which has no desire to sell the World Cup standout this month. Amrabat responded by reportedly skipping training and then added fuel to the fire with a concise Instagram post: “Go for it now. The future is promised to no one.” Given the circumstances, that seems pretty unambiguous.

How Barcelona could make the financials of this deal work remains a mystery, especially as the club continues to struggle to register Gavi’s new contract. How many levers are left to pull? His stylistic fit in Xavi’s midfield, on the surface, isn’t completely natural, either. Finding a long-term replacement for Sergio Busquets is critical, but this feels like a desperate last-minute move more than a calculated approach, not unlike some of Barca’s dealings in recent years. Considering that Leeds United just signed Weston McKennie in a deal that could eclipse €40 million if they make it permanent, Fiorentina should absolutely hold out for something well in excess of Barca’s offer.

Transfers you may have missed

With the constant influx of big signings, rumors, and deals being called off, deadline day can be a whirlwind. Here are completed deals you may have missed amid Tuesday’s madness.

Djed Spence ?? Rennes: Spence is free. After playing a measly seven league minutes for Tottenham Hotspur this season, the 22-year-old should actually get an opportunity to play at Rennes, where he’ll spend the remainder of the campaign on loan. Let’s see if Bruno Genesio trusts Spence more than Antonio Conte.

Diego Llorente ?? Roma: Llorente was crowded out at Leeds United with Liam Cooper, Robin Koch, and January recruit Max Wober vying for game time under Jesse Marsch, so the Spanish international has joined the Giallorossi on loan with an option to buy. It’s not immediately clear where Llorente will fit into Jose Mourinho’s side, with Roger Ibanez, Chris Smalling, Gianluca Mancini, and Marash Kumbulla already squabbling over the center-back spots.

Other deals to watch today …

  • Hakim Ziyech to Paris Saint-Germain
  • Milan Skriniar to Paris Saint-Germain
  • Pedro Porro to Tottenham Hotspur
  • Hector Bellerin to Sporting CP
  • Keylor Navas to Nottingham Forest
  • Kamaldeen Sulemana to Southampton
  • Matt Doherty to Atletico Madrid
  • Nicolo Zaniolo to … anywhere
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Report: Chelsea ready to break British transfer record with £105M Fernandez bid

Chelsea are pulling out all the stops in their pursuit of Enzo Fernandez.

The Blues are ready to break the British transfer record in order to sign the Benfica midfielder before Tuesday’s deadline, tabling a £105-million offer (€120 million) for the World Cup star, reports David Ornstein of The Athletic.

The existing record belongs to Manchester City, who paid £100 million for Jack Grealish in 2021. Chelsea’s most expensive signing is Romelu Lukaku, who cost £97.5 million when he rejoined the west London outfit from Inter Milan that same summer. Lukaku has since been loaned back to Inter.

Despite links with several other midfielders during a chaotic January window, Fernandez has remained Chelsea’s primary target to bolster that area of the pitch. The 22-year-old played a key role in helping Argentina hoist the World Cup in Qatar with a series of excellent performances that saw his stock skyrocket. Fernandez only joined Benfica this past summer, with the Portuguese club paying a relatively paltry €10 million, plus a potential €8 million in add-ons, to acquire him from River Plate.

Benfica want Chelsea to pay the entire £105-million fee, which satisfies the buyout clause in Fernandez’s contract, in one lump sum, sources told Jacob Steinberg of The Guardian. Chelsea would prefer to spread the potential record-breaking amount over six installments, Steinberg adds.

Chelsea, who have opened their wallet without inhibition since being bought by Todd Boehly and Clearlake Capital, have already spent over €200 million on new signings this month alone, headlined by the arrival of Ukrainian forward Mykhailo Mudryk from Shakhtar Donetsk.

They’ve also added the likes of Joao Felix on an onerous loan, as well as Benoit Badiashile, Noni Madueke, Andrey Santos, David Datro Fofana, and, most recently, Malo Gusto.

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Report: UEFA to close FFP loophole in wake of Chelsea's long-term deals

UEFA is planning on closing the loophole that’s allowed Chelsea to circumvent financial fair play (FFP) rules numerous times since last summer.

The European governing body will impose a five-year limit for the maximum length of time a transfer fee can be spread over after a number of concerned teams contacted UEFA about Chelsea’s transfer policy in January, reports Martyn Ziegler of The Times.

That means that deals such as the amortized eight-and-a-half-year contract that Ukrainian winger Mykhailo Mudryk signed when he joined Chelsea last week will be prohibited in the future.

Using amortization – the act of writing off the initial cost of a player – to complete the lucrative transfer allowed the Premier League team to record Mudryk’s £80-million transfer fee as £9.41 million per year for UEFA’s FFP calculation. Had the Blues signed Mudryk to a four-year deal, his fee would’ve been recorded as £20 million per year.

“If other clubs start doing the same with eight-year contracts, it will be a mess, so we need to protect them,” a source told Ziegler about UEFA’s thought process for closing the FFP loophole.

“It is simply shifting a problem to the future. Either a club can get stuck with a player on a high salary that they cannot sell, or if they sell him after three or four years, they will not realize much profit (in accounting terms) because a lot of his transfer fee has not been amortized.”

Chelsea have used amortization in a number of other deals since the club began its over £400-million spending spree last summer. Players such as Wesley Fofana, David Datro Fofana, and Benoit Badiashile have signed contracts in excess of six years.

Soccer

PSG fight off Ronaldo's Riyadh All-Star XI to win 9-goal thriller

The contest between Lionel Messi’s Paris Saint-Germain and Cristiano Ronaldo’s Riyadh All-Star XI was billed as a friendly, but there was nothing cordial about Thursday’s affair in Saudi Arabia.

In an entertaining encounter featuring nine goals, two yellow cards, and one straight red, 10-man Paris Saint-Germain emerged as the winners after beating the All-Star side 5-4 at King Fahd International Stadium in Riyadh.

Ronaldo’s team was comprised of players from his new side, Al Nassr, and Riyadh’s other noteworthy outfit, Al Hilal.

Messi opened the scoring three minutes into the game, and Ronaldo bagged a first-half brace to make it 2-2 before halftime.

The two sides traded goals after the break before Kylian Mbappe converted a penalty in the 60th minute. After the goal, the match lost some luster after stars like Mbappe, Messi, and Ronaldo were substituted from the game.

PSG youngster Hugo Ekitike registered what seemed to be a consolation goal at the time, but the 20-year-old forward’s impressive strike ended up being the winner after Talisca scored Riyadh’s fourth late in the game.

The contest was Ronaldo’s first in Saudi Arabia since joining Al Nassr in December. The move transpired after Manchester United terminated the 37-year-old’s contract.

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