Manchester City have reportedly reached an agreement with Chelsea to sign Enzo Fernández for £125 million on transfer deadline day.
The Argentina international has been permitted to undergo a medical as the clubs work to complete the remaining formalities before the English transfer window closes.
However, Manchester City and Chelsea have not yet officially announced the transfer, meaning Fernández should not yet be described as a City player.
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Man City and Chelsea Agree £125m Deal
The reported £125 million fee would equal the British transfer record. Fernández previously became Britain's most expensive player when Chelsea signed him from Benfica for approximately £106.8 million in January 2023.
If the Manchester City transfer is completed at the reported figure, he would also become the first footballer to be transferred for more than £100 million twice during his career. The next major step is his medical, followed by the completion of contracts and registration.
Why Manchester City Want Enzo Fernandez
City's midfield has undergone extensive changes this summer. Rodri, Bernardo Silva, Tijjani Reijnders and Nico González are among the midfielders who have left, while City have already invested heavily in players including Elliot Anderson and Ayyoub Bouaddi.
Fernández would add another proven Premier League midfielder capable of operating both deeper in midfield and in a more advanced role. His passing range allows him to help dictate possession, while his ability to move forward and contribute around the penalty area adds another dimension.
He recorded 15 goals and seven assists across all competitions for Chelsea in 2025/26, demonstrating that his influence had developed beyond simply progressing the ball from midfield.
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Fernandez Wants Manchester City Move
Sky Sports reports that Fernández has made clear that he wants the move to Manchester City. A transfer would also reunite him with Enzo Maresca, who previously coached him at Chelsea before becoming Manchester City manager.
That existing relationship could help Fernández adapt quickly to City's tactical demands if the transfer is completed. Chelsea's willingness to negotiate also appears connected to their efforts to reshape their own midfield before the deadline.
How Chelsea Could Replace Fernández
Chelsea are already exploring replacements. Roma midfielder Manu Koné is among their leading targets, with discussions reported around a deal worth approximately £52 million. Chelsea have also had a £38.5 million offer rejected by Monaco for Lamine Camara.
Those negotiations are important because Fernández has developed into one of Chelsea's most influential midfielders, and selling him without adding another central option would significantly reduce their depth. Any potential replacement remains a separate negotiation and should not yet be considered completed.
Is Enzo Fernandez a Manchester City Player Yet?
No. The clubs have reportedly agreed a transfer fee, and Fernández has permission to undergo a medical, but the deal still needs to be formally completed.
A medical does not itself complete a transfer. Contracts must be signed, and the necessary registration paperwork submitted before Manchester City can officially announce him. With the transfer deadline approaching, those final steps will now be closely watched.
Conclusion
Manchester City's pursuit of Enzo Fernández has reached an advanced stage after a reported £125 million agreement with Chelsea. The Argentina midfielder is expected to undergo a medical and appears willing to make the move, but the transfer has not yet been officially announced by either club.
If completed at the reported fee, Fernández would equal the British transfer record and become another major part of Manchester City's extensive midfield rebuild.
For now, the key development to watch is official confirmation from Manchester City and Chelsea once the medical, contracts and registration have been completed.