Alejandro Garnacho transfers to Chelsea for £40 million, becoming Manchester United's first sale! Agreement also reached on Hojlund's departure.

With only four days remaining in the summer transfer period, Manchester United has successfully sold their first player—21-year-old Argentine winger Alejandro Garnacho has been confirmed to move to Chelsea for £40 million. Before this, the Red Devils had only loaned Rashford to Barcelona for one season with no guaranteed purchase, just an option.

Italian transfer expert Fabrizio Romano announced the deal's completion: "Garnacho is joining Chelsea, here we go! Chelsea and Manchester United have agreed terms; Garnacho only wants to join Chelsea. He will sign a seven-year contract, with a total transfer fee close to £40 million. The story from July ends here."

It is reported that Garnacho will head south to London on Friday for a medical and then officially sign with Chelsea. Interestingly, he will return to Old Trafford with the Blues in a month. Speculation suggests that if he scores in the September 21 derby, he may celebrate emphatically in front of Ruben Amorim.

After last season's Europa League final, Garnacho fell out with Manchester United manager Amorim due to not starting, who told him to find a new club. "Little Joe" decided to stay in the Premier League and committed only to joining Chelsea. Subsequently, Manchester United and Chelsea negotiated the transfer fee until now.

Sources revealed Chelsea initially offered £25 million, while Manchester United demanded £50 million. In the end, both sides agreed on a £40 million fee, which includes a 10% sell-on clause for United. Thus, Garnacho becomes the fourth most expensive player sold by the Red Devils after Ronaldo, Lukaku, and Di María.

Garnacho is the 51st player Chelsea have signed in the past four years! Since Todd Boehly and Clearlake Capital took over the club, the Blues have spent over £500 million on wingers alone in just over three years, reaching £650 million including strikers. However, they have nearly balanced their books by selling players.

Before Garnacho's transfer to Chelsea, the club sold 27-year-old French striker Nkunku to AC Milan for £32 million. Meanwhile, Nicolas Jackson is negotiating a loan deal with Bayern Munich, who may agree to a purchase obligation for the 24-year-old striker.

Data shows Chelsea have earned £263.2 million from player sales this summer! This sets a new Premier League record for single-season sales revenue, surpassing Chelsea's own previous record of £215.9 million in 2023. Successful player sales have enabled Boehly to continuously fund new signings.

Selling Garnacho is also crucial for Manchester United, as he is a homegrown talent who joined from Atlético Madrid at age 16 in 2020 and has been with the club over four years, meeting the minimum registration period. Therefore, the £40 million transfer fee is pure profit, important for United to meet Premier League PSR profit and sustainability rules.

The next player likely to leave Manchester United is 22-year-old Danish striker Hojlund. According to Di Marzio, the Red Devils have reached a verbal agreement with Napoli regarding his transfer and fee.

Hojlund originally wanted to stay and continue his "Red Devils dream," fighting for his place, but after being excluded from the squad for three consecutive matches by Amorim, the "freight train" had to accept the end of his United career.

It is reported that Napoli agreed to a one-year loan for Hojlund, with an obligation to buy next summer for €45 million (£39 million), meeting Manchester United's conditions. The player has already agreed to a personal contract with the Serie A champions, and now all obstacles to the deal have been cleared.