Chelsea have finally reached an agreement with Benfica over the purchase of Enzo Fernandez for a British transfer record of £105m.

The clubs are now racing to get the relevant paperwork completed and submitted before the 11pm deadline.

Having initially offered to pay the £105m transfer fee in six instalments, the Premier League club have now agreed to Benfica’s demands to three payments over two years.

However, if they are to do as suggested, the Blues want to pay a lower initial fee up front.

Fabrizio Romano believes the deal will be completed before the deadline (and any official extension) while The Telegraph’s Matt Law understands that the transfer will be completed in the summer if necessary.