Transfer latest: Chelsea accept Atlético’s Gallagher bid, Arsenal offer for Merino

• Gallagher, in final year of his deal, must decide on move
• Real Sociedad expected to accept Arsenal’s €30m bid for Merino

Chelsea have accepted a bid from Atlético Madrid for Conor Gallagher. The England midfielder is in the final year of his contract and the Blues are keen to sell rather than risk losing him for nothing next summer.

Atlético’s offer is thought to be worth up to €40m (£33.7m), some way short of the £50m Chelsea had hoped to receive at the start of the summer. However, any fee for Gallagher goes down as pure profit because he is an academy product, an important factor in the context of profitability and sustainability rules.

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