Manchester City are on the brink of completing a deal worth around €40 million (£34.2m) to sign Chelsea midfielder Mateo Kovacic, sources have told ESPN.
Talks between the two clubs have progressed well in recent days with a broad agreement on the fee leading to more detailed conversations about how the payments are structured.
One of the few remaining outstanding issues centres on how much City will pay Chelsea up front. The west London club are under pressure to raise funds through player sales by the end of this month after spending in the region of £600m during the first year of Todd Boehly and Clearlake Capital's ownership of the club only to miss out on European qualification altogether.
Any outgoings completed before June 30 will fall under the first full tax year and therefore help mitigate losses to aid compliance with Uefa's Financial Fair Play rules.
Although there are still some issues to be resolved, sources have told ESPN the expectation is a deal for the 29-year-old will be completed within the next fortnight.
Kovacic is thought to have broadly agreed personal terms and the transfer will likely progress further after he finishes his international obligations with Croatia.
Their final match comes in Sunday's Nations League Final against Spain. Kovacic initially joined Chelsea on loan from Real Madrid in 2018 before signing a permanent deal in a £40m switch a year later.
He has made a total of 221 appearances, scoring six goals and winning the Champions League, Europa League, UEFA Super Cup and the Club World Cup.
Arsenal, Chelsea and Tottenham have all found out who they will be playing and when for the 2023/24 Premier League season as the countdown begins already. With the fixtures for the new campaign released on Thursday, June 15, supporters were able to tentatively start planning their early season trips.
The Blues have been matched up with Liverpool in what is the standout opening day clash as Arsenal host Nottingham Forest in a repeat of the game that handed Manchester City the title for this season. Tottenham travel to London rivals Brentford to kick things off under new manager Ange Postecoglou.