Chelsea ‘hike’ Cole Palmer’s ‘valuation’ amid rival interest as two reasons for Man City sale emerge

According to reports, Chelsea have decided to ‘hike’ Cole Palmer’s asking price amid interest from Premier League rivals Arsenal and Liverpool.

Palmer leaving Man City for Chelsea was one of last summer’s shock Premier League transfers.

He was initially expected to just leave the Etihad on loan but Chelsea secured his services in a deal worth around £42m.

This has been another difficult season for Chelsea but Palmer has proven to be a sensational signing as he has emerged as a credible candidate for Player of the Year in the Premier League.

The talented Englishman has forced his way into the conversation for the European Championships by grabbing 20 goals and nine assists in his 27 Premier League appearances for Chelsea this term.

Chelsea ‘set bumper valuation’…

Palmer’s form has reportedly attracted interest from Arsenal and Liverpool as it’s been suggested that Chelsea could be forced to cash in on the 21-year-old to ease their Financial Fair Play issues.

According to Football Insider, Chelsea have ‘set a bumper valuation’ for Palmer as they would want ‘between £80-100m’ for the midfielder.

‘Well-placed sources have told Football Insider that Chelsea could seek over double what they paid the Citizens for the attacker’s services, but they are not expected to sanction a departure this summer.

‘It is believed that the monster fees paid for the likes of Declan Rice and Jack Grealish, who were both sold for no less than £100million, have informed the club’s valuation of Palmer.’