Chelsea Transfer News: Costa Move Is Initial Loan Deal

Everton Made Late Bid For Costa

Diego Costa Chelsea transfer news
Image: Aleksandr Osipov

Diego Costa’s move from Atletico Madrid to Chelsea will be an initial loan deal with an option to purchase next summer.

The Spain international is expected to put pen to paper today on a deal that will see him move back to the club he left for Chelsea four years ago. But Financial Fair Play rules dictate that Costa’s return to Atletico won’t be on a permanent basis – at least at first.

Atletico will pay Chelsea a loan fee of €5million (£4.4million) to bring Costa to the Wanda Metropolitano Stadium until the end of the season. The 28-year-old will only be able to register with Atletico from 1 January. Atletico will have an option to buy Costa permanently at the end of the season.

La Liga recently revealed its clubs’ spending plans for the 2017-18 season. Atletico will shell out €237million. That’s despite not having spent a penny on players since the summer of 2016 because of their year-long transfer embargo. New contracts for Saul Niguez, Koke and Antoine Griezmann are included in that figure. Coach Diego Simeone is aware that he will have to sell next summer. Antoine Griezmann is likely to move with Manchester United keen on paying his €100million (£88million) release fee.

Meanwhile, it has been revealed that Everton failed with a bid for Costa towards the end of last month. The Toffees offered Chelsea a transfer fee of €75million (£66million) plus bonuses. Chelsea had initially quoted Atletico a figure of €75million for the striker.

But Costa told both Chelsea and Everton that he wasn’t interested in a move to Goodison Park. He only had eyes on a move back to Atletico, a club he regards as his “spiritual home”.

AC Milan were also being linked. The Serie A club were tipped as a possible loan destination for the first half of this season. They were more interested in a permanent deal only to be told by Costa that there was no chance.