According to the Portuguese publication Record, Chelsea has withdrawn from the competition to recruit Manuel Ugarte, a midfielder currently playing for Sporting.
The Blues have been in fierce competition with Paris Saint-Germain to sign Ugarte for the beginning of the summer transfer window. The Blues have held lengthy negotiations with the player’s representation over the past several weeks. Paris Saint-Germain is also interested in signing Ugarte.
The buyout provision in Ugarte’s contract with Sporting is set at €60 million (or £52.2 million), and both Chelsea and PSG are prepared to pay that amount.
On the other hand, it appeared as though the Uruguayan international player was leaning toward a move to the Premier League.
PSG, on the other hand, made a significant improvement to their initial contract offering, and as a result, Chelsea is unwilling to match the offer that has been made by the French Ligue 1 winners.
According to the report, PSG’s contract offer increased from five million euros (or 4.3 million pounds) per season to ten million euros (or 8.6 million pounds) every season.
In the meantime, Chelsea made arrangements for Ugarte to undergo a medical examination since they were convinced that the player would refuse a transfer to PSG.