Manchester City Make €170 Million Bid to Re-Sign Chelsea Star Cole Palmer

Manchester City have submitted a massive €170 million offer to Chelsea for the return of Cole Palmer, according to a report by Fichajes.net. The bid reflects Pep Guardiola’s growing regret over Palmer’s departure and his determination to bring the English midfielder back to the Etihad.
Palmer, who was sold to Chelsea in 2023 for €40 million, has since become a cornerstone of the Blues’ attack and recently helped the club secure a world title. Manchester City’s offer represents more than four times his previous transfer value, signaling their strong desire to reclaim the 23-year-old.
Chelsea to Decide Palmer’s Future
While the offer is considered extraordinary, Chelsea’s leadership faces a key decision. Despite the financial appeal, the London club sees Palmer as central to their long-term sporting project. The player himself is reportedly happy in London and has no intention of forcing a move, but he would be open to reuniting with Guardiola if the clubs reach an agreement.
Palmer currently earns approximately €6.76 million per year, significantly below the top salary tier in the Premier League. A move back to City could see him join the ranks of the league’s highest-paid players, alongside the likes of Erling Haaland and Mohamed Salah.
Interest From PSG and Real Madrid
Manchester City are not alone in their pursuit. Paris Saint-Germain are also considering a bid in the same range, while Real Madrid, led by Xabi Alonso, are closely monitoring the situation.
Palmer’s rapid rise since joining Chelsea has made him one of Europe’s most sought-after young stars. His creative output, combined with tactical maturity, has impressed managers across the continent.
Guardiola Wants Reunion
Sources close to City suggest that Guardiola personally requested the return of Palmer, whom he now views as a mistake to have let go. The Spaniard sees Palmer as a potential solution to City’s evolving midfield strategy in the post-De Bruyne era.
The next few weeks will be crucial. Chelsea must decide whether to cash in on a player who’s exceeded expectations or resist a record-breaking offer to preserve their attacking identity.