Fernando Torres is believed to heading to Chelsea for a medical ahead of a £45 million transfer after Liverpool finally accepted a deal for the striker
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There was no official confirmation from Stamford Bridge but Telegraph Sport understands that Torres is travelling down to London where he will be checked over by Chelsea's doctors. Personal terms are still to be agreed, although these are not expected to be a problematic
Chelsea's lavish spending comes on a day when they reported an annual operating loss of £68.6m. The club's results for the financial year to end June 2010 show a small increase in turnover from £203.3m to £205.8 million, but with operating loss reducing from £72.3 to £68.6m.
Liverpool, meanwhile, have confimed the signing Newcastle United striker Andy Carroll, who will replace the Spaniard at Anfield. Liverpool will pay £35 million for the England forward, with various add-ons included in the deal.
"Liverpool FC confirmed this afternoon that Newcastle United had accepted a club record offer for the transfer of Andy Carroll," said a statement on Liverpool's website.
"The club have been given permission by Newcastle to discuss personal terms with the player, who will now travel to Liverpool for a medical."