Chelsea have agreed a British record 121m euro (£107m) deal for Benfica's Argentina midfielder Enzo Fernandez.

The deal eclipses the £100m Manchester City paid for Jack Grealish in 2021.

Benfica said in a statement it had “reached an agreement with Chelsea FC for the sale of all the rights of the player Enzo Fernandez”.

Fernandez, who only joined Benfica for a reported £10m in August, was named young player of the tournament during Argentina's World Cup triumph in Qatar.

The 22-year-old's arrival takes Chelsea's January spending to £288m, according to transfer website Transfermarkt.

That follows an outlay of around £270m in the summer - a record for a British club in the summer window - taking their total spend under new American owner Todd Boehly to more than £550m on 17 new players.

The Fernandez signing is the joint-sixth most expensive of all-time, equalling the 120m euros Barcelona paid for France forward Antoine Griezmann in 2019.

Enzo Fernandez has replaced Jack Grealish as the most expensive signing in British football

Fernandez, signed by Benfica from Argentine side River Plate, has scored four goals in 29 appearances for the Primeira Liga side.

He scored once during the World Cup, netting Argentina's second goal in their 2-0 group-stage win over Mexico.

Earlier in January, Benfica accused Chelsea of trying to unsettle the midfielder, with the Portuguese side's manager Roger Schmidt declaring their pursuit “closed”.

Chelsea have signed Noni Madueke, Mykhailo Mudryk, David Datro Fofana, Andrey Santos, Benoit Badiashile and Malo Gusto on permanent deals in January.

They have also brought in Joao Felix on loan from Atletico Madrid.

The Blues are 10th in the Premier League, 10 points adrift of the competition's Champions League places after 20 matches.

The club was bought for £4.25bn by a consortium led by American investor Boehly last May, after previous owner Roman Abramovich was sanctioned over his links to Russian president Vladimir Putin.

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World's top transfer fees

Neymar [Barcelona - Paris St-Germain] £200m in 2017

Kylian Mbappe [Monaco - Paris St-Germain] £166m in 2017

Philippe Coutinho [Liverpool - Barcelona] £142m in 2018

Ousmane Dembele [Borussia Dortmund - Barcelona] total fee of £135m in 2017

Joao Felix [Benfica - Atletico Madrid] £113m in 2019

Antoine Griezmann [Atletico Madrid to Barcelona] £107m in 2019

Enzo Fernandez [Benfica to Chelsea] £107m in 2023

(BBC)

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