RMC reported on Monday, June 25, that AS Monaco have concluded a €3 million including bonuses agreement with Chelsea for 17-year-old centre-half Jonathan Panzo.

Gladbach, Valencia and Eintracht Frankfurt were also after the player, according to various news sources. Panzo was reportedly recommended by Monaco technical director Michael Emenalo, who used to work for the Blues in the same role.

Panzo turns 18 in October, was part of the England Under-17 World Cup winning squad and won the FA Youth Cup and Premier Academy League with Chelsea last season.