The two clubs’ recent negotiations have gone well, with a general understanding of the fee opening the door to more in-depth discussions about the payment system.
How much City will pay Chelsea up front is one of the few still unresolved questions. The west London club is under pressure to raise money by selling players before the end of the month after Todd Boehly and Clearlake Capital spent almost £600 million during the club’s first year of ownership only to completely lose out on European qualification.
Any expenses finished before June 30 will be included in the first full tax year, helping to reduce losses and support compliance with Uefa’s Financial Fair Play regulations.
Although several concerns still need to be handled, sources have indicated that a deal for the 29-year-old is expected to be finalized within the next two weeks.
Kovacic is believed to have generally agreed upon personal conditions, and the transfer will probably move forward once he has fulfilled his commitments to Croatia on the international stage.
The Nations League Final versus Spain on Sunday will be their last game. After initially moving to Chelsea from Real Madrid on loan in 2018, Kovacic later committed to a permanent move to Chelsea for £40 million.