Manchester City signs Enzo Fernández for £125 million

The final hours of Europe’s summer transfer window are seeing frantic last-minute deals as top clubs rush to complete their squads. Manchester City have reportedly agreed a £125 million deal with Chelsea to sign Argentina midfielder Enzo Fernández. The move caps a frenetic spending spree that has seen Europe’s elite clubs splash out €3.3 billion in transfer fees this season alone.

The window was open until midnight on Thursday, leaving clubs little time to finalise deals. Chelsea, under new manager Mauricio Pochettino, are reshaping their team after a disappointing campaign, while Manchester City look to strengthen their midfield ahead of a new season. The £125 million fee for Fernández, 23, would make him one of the most expensive midfielders in football history. Elsewhere, Aston Villa have pulled off a surprise signing, bringing in 18-year-old PSG winger Ibrahim Mbaye for €55 million.

The spending spree reflects the financial power of Europe’s biggest clubs, many of which have benefited from lucrative broadcast deals and commercial revenue. The Premier League alone has seen record-breaking outlays, with clubs willing to pay top dollar for young talent and established stars. Fernández’s potential move to City highlights the growing trend of South American players heading to Europe, where wages and exposure are unmatched.

With just hours left, clubs are still scrambling to meet their targets. The final flurry of deals could reshape the balance of power in next season’s competitions. For fans, the window provides a mix of excitement and frustration—glimpses of new stars arriving, but also the uncertainty of whether their team will deliver on deadline day.