Napoli forward Victor Osimhen is on the verge of a €120 million (£103m/$129m) move to Paris Saint-Germain, dealing a setback to Chelsea’s transfer ambitions. Several prominent European clubs had been considering a move for the Super Eagles striker this summer. However, negotiations between Napoli and PSG are progressing well, according to reports from Italian outlet Il Mattino.
PSG is keen to outmaneuver competitors like Chelsea in securing Osimhen’s signature. The French club plans to activate Osimhen’s €120m release clause and offer him a lucrative four-year contract worth €13m (£11m/$14m) annually.
Chelsea’s financial limitations and the pressing need to comply with the Premier League’s Profit & Sustainability Regulations (PSR) have led them to withdraw from the race for Osimhen.