Despite Cole Palmer’s sensational breakout season at Stamford Bridge, Chelsea could be tempted to approve his return to Manchester City in what would be a British-record £126.1 million deal. While it may seem unthinkable to part ways with a 23-year-old who contributed 27 goals and 15 assists in all competitions, there are compelling reasons the Blues may seriously consider it.
1. Record-Breaking Fee Could Unlock Chelsea’s Transfer Ambitions
Chelsea have been operating under Financial Fair Play (FFP) constraints while aggressively reshaping their squad with a youth-focused recruitment policy. Selling Palmer for nearly triple the £45 million they paid less than two years ago presents a major financial windfall. The £126.1 million fee would give Chelsea a chance to reinvest smartly in priority positions such as striker, defensive midfield, and central defense. With over £1 billion spent since the Boehly-Clearlake takeover, this deal could help balance the books while allowing the club to maintain its momentum in the transfer market.

2. Squad Depth and Tactical Flexibility Under Maresca
New head coach Enzo Maresca is shaping a Chelsea side built more on system cohesion than individual brilliance. While Palmer has been a standout performer, Maresca may believe that the squad’s overall depth can absorb his departure. The likes of Noni Madueke, Christopher Nkunku, and new Brazilian wonderkid Estevão Willian are all capable of stepping into attacking roles. Chelsea’s return to Champions League football also presents opportunities to rotate and develop other young stars without over-relying on one player. Letting Palmer go could provide Maresca with greater tactical flexibility and open up key development paths for emerging talents.

3. Player Power and Career Aspirations in the Guardiola System
Though Palmer has shown commitment to Chelsea, the allure of returning to Manchester City especially under Pep Guardiola might be too strong to ignore. With Kevin De Bruyne nearing the end of his prime, Palmer could step into a creative leadership role in a squad built to win everything. Guardiola has never hidden his admiration for Palmer, and a return would offer the player the opportunity to consistently challenge for major honours in a familiar environment. If Palmer expresses a desire to leave, Chelsea may prefer to facilitate a smooth exit to preserve squad harmony and respect the player’s ambitions.
Ultimately, while Palmer’s departure would be a significant loss, the potential rewards financially, tactically, and culturally could make it a calculated risk worth taking.