Transfer: Chelsea to miss out on Osimhen, as striker accepts €13m contract

Napoli striker, Victor Osimhen, is close to joining Paris Saint-Germain for €120million (£103m/$129m), in a blow to Chelsea’s transfer plans.

Several top clubs in Europe were eyeing a move for the Super Eagles striker this summer.

But according to Italian outlet Il Mattino, negotiations between Napoli and PSG are reaching an advanced stage for the player.

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PSG are eager to outmanoeuvre rivals like Chelsea in the race for his signature.

The French side will pay Osimhen’s €120m release clause and offer him a four-year contract worth €13m (£11m/$14m) per season.

Chelsea’s financial constraints and the urgent need to comply with the Premier League’s Profit & Sustainability Regulations (PSR) forced them to pull out of the race.