Chelsea agree British record £115m deal for Caicedo

Chelsea have agreed a deal to sign Brighton midfielder Moises Caicedo for a British record fee of £115m.

Liverpool agreed a £111m deal for the 21-year-old Ecuador player on Friday.

But Caicedo’s preference is Chelsea and they have finally succeeded with a bid after having a succession of proposals rejected by Brighton this summer.

The fee means Chelsea will break the British record twice in 2023, following the £107m purchase in January of Argentina midfielder Enzo Fernandez.

Caicedo, who was left out of Brighton’s squad for their season-opening win at home to Luton Town, is still to have a medical.

It is understood the initial fee is £100m, with half of the additional payments said to be easily achievable, while Brighton have also negotiated a sell-on clause.