Aston Villa have agreed a loan deal for Chelsea winger Alejandro Garnacho until the end of the 2026-27 season, with an obligation to buy.
The 22-year-old has already completed a medical in Birmingham and has pre-agreed a four-year contract at Villa Park if the loan deal becomes permanent.
The terms of the obligation to buy clause has not been disclosed by either club, but it is expected to be triggered if certain conditions are met, such as the number of appearances the Argentina international makes next season.
Chelsea believe the terms are easily reachable and that they will achieve their original £43m valuation.
Garnacho’s departure from Stamford Bridge follows Chelsea’s signing of Morgan Rogers for a record £117m fee from Villa on Tuesday.
The winger becomes Villa’s fourth signing, after the arrivals of Johan Manzambi, Joao Gomes and Modou Keba Cisse.
Villa’s player sales this summer, meanwhile, total nearly £200m, with Youri Tielemans, Donyell Malen, Enzo Barrenechea and Lewis Dobbin all leaving.
The Blues have been keen to offload Garnacho despite signing him only last September in a £40m deal from Manchester United, who would be due 10% of any eventual transfer fee.
His impact at Stamford Bridge has been limited to one Premier League goal, and the arrival of Rogers and Sporting winger Geovany Quenda have increased the need to reduce the size of the squad.