The 25-year-old Argentine is set to undergo a medical examination soon and sign a long-term contract with Manchester City. Fernandez has been playing for Chelsea since 2023, when the London club acquired him from Benfica for £107 million. At that time, the deal became the most expensive in the history of world football. Now Fernandez's transfer will equal the move of Alexander Isak from Newcastle to Liverpool, for which £125 million was also paid last summer. The transfer also means a reunion for Fernandez with Enzo Maresca. The Argentine worked under the Italian coach during his time at Chelsea. Maresca is interested in collaborating with the player again after several midfielders left Manchester City.