Overview

• Weekend negotiations ended without progress, with Chelsea ruling out a loan or loan-with-option and insisting any deal be permanent.
• Chelsea value Nkunku at about €50m and would consider a slightly lower upfront fee with add-ons if Bayern commit to a permanent transfer, with proceeds earmarked to pursue Alejandro Garnacho and Xavi Simons.
• Nkunku has asked to leave and wants Bayern, with personal terms reportedly agreed, as sporting director Max Eberl leads talks.
• Bayern, seeking attacking reinforcements after selling Kingsley Coman to Al-Nassr, prefer a loan structure and talks are expected to run late into the window unless positions change.
• The 27-year-old has four years left on his Chelsea contract after a £52m move in 2023, and his first season was disrupted by injuries.