Chelsea have moved fast to agree a verbal deal with Atletico Madrid for Joao Felix after late night internal talks where they decided to proceed. As reported, Atleti's loan price dropped from original quote & #CFC expected to pay around £9m & 100% of Felix's wages (£5.3m). 
As revealed, although #CFC would love an option to buy, Atleti's starting position has always been a straight loan & they are yet to budge on this position. Chelsea know without one there is less long-term value. But the consensus is short-term needs make a deal worth pursuing.
Another suitor could still technically counter (if quick) since nothing signed, but very advanced. Yet when #AFC and #MUFC (currently focused on Wout Weghorst) held dialogue both made it clear anything above a £5m loan fee was (with no option) too high.
Felix is open to joining #CFC. Chelsea had backed away from signing him but reprioritised him again in the past 48 hours after the two losses to #MCFC and talks with Graham Potter.
(Credit to @David_Ornstein, who was first to call the verbal agreement and Duncan Castles, who reported #CFC reignited interest first).
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