Cole Palmer has secured a significant pay rise following his contract extension with Chelsea, which now runs until the summer of 2033 as revealed on the club’s official handle.
The 22-year-old, who previously earned £80,000 per week, will now receive a weekly wage of approximately £130,000.
This new deal as reported by previously Sportsbuddy positions Palmer among Chelsea’s top earners, with the potential for even greater earnings if he meets certain performance-based clauses within his incentive-driven contract.
Palmer’s Impact at Chelsea
Palmer made a high-profile move from Manchester City to Chelsea last summer in a £42.5 million transfer, which initially raised eyebrows due to his relative lack of experience.
However, the England international has quickly proven his worth, emerging as one of the standout signings of the 2023-24 campaign.
In his debut Premier League season with Chelsea, Palmer made history by surpassing Eden Hazard’s club record for the most goals and assists in a debut season.
The versatile attacker, who primarily plays as an attacking midfielder or winger, expressed his excitement about the new contract stating, “I’m delighted! I achieved a lot in my first season here – and hopefully, I can continue to experience great things at this club, both on a personal level and in terms of bringing success and trophies to Chelsea.”
Palmer’s Stellar First Season and Future Prospects
Palmer’s first season at Stamford Bridge saw him score 25 goals and provide 15 assists across 45 games in all competitions.
His outstanding performances earned him both the Premier League Young Player of the Season and Chelsea Player of the Season awards.
Palmer’s trajectory continues to rise, and with his new contract, he is poised to be a key figure in Chelsea’s future successes.
