Chelsea forward Cole Palmer has signed a new two-year contract extension, securing his future at Stamford Bridge until June 2033, according to journalist David Ornstein.
The 22-year-old, who joined Chelsea from Manchester City last summer for £40 million, has quickly emerged as one of the Premier League’s standout performers.
“Cole Palmer commits future to Chelsea by signing a 2-year contract extension. The 22-year-old England attacker was already tied down until 2031; the new terms now run through to June 2033. This extension rewards his brilliant debut season after joining from Manchester City,” Ornstein said in a post on X on Tuesday.
Palmer’s debut season in west London was exceptional, as he notched 25 goals and 15 assists in all competitions.
His impressive form earned him a spot in the England squad for Euro 2024, where he made a significant impact. Palmer set up Ollie Watkins’ winner in the semi-final and scored the equaliser in the final against Spain, although England ultimately fell short.
Despite recent scrutiny over Chelsea’s transfer strategy since Clearlake Capital’s acquisition of the club from Roman Abramovich, Palmer has proven to be a notable success story.
His new contract reflects his outstanding performances during his debut campaign.
Palmer featured in Chelsea’s final pre-season game against Inter Milan under new manager Enzo Maresca and is expected to play in their season opener against his former club, Manchester City, on Sunday.
Meanwhile, uncertainty surrounds another England international, Conor Gallagher. Gallagher had agreed to move to Atletico Madrid for £33.7 million and even completed a medical with the La Liga side. However, complications involving a deal with Samu Omorodion moving in the opposite direction have put the transfer at risk.
Chelsea has requested Gallagher return to London while the situation is resolved, with Tottenham reportedly maintaining interest in the 24-year-old midfielder. Talks between Atletico and Chelsea are ongoing to finalise the deal.
