CorSera: Milan agreement with Chelsea for Loftus-Cheek to total €21.5m

The full agreement that AC Milan has found with Chelsea for the signing of Ruben Loftus-Cheek is going to total €21.5 million, a report claims. 

As has been reported by Corriere della Sera (via Milan News), the English midfielder is going to become the first paid-for signing of the summer transfer window for the Rossoneri.

There have been marginally differing reports about just how much money Milan are paying Chelsea for the player but CorSera believes that when you combine the fixed part of the transfer along with the bonuses, the total is €21.5m.

It is expected that he will be getting paid €4m net per season for the four years of his new contract which would take the overall outlay to €37.5m.

It is therefore not an insignificant outlay for the club, but it could prove to be a very good value for money given Loftus-Cheek is a very skilful player who is only 27 years old.