Ugbo completes £6m transfer from chelsea to Belguim pro league side genk on a permanent basis , the belgian club have confirmed.
The Blues are selling more homegrown talent to possibly fund a big money signing in the last week of the transfer window.
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Chelsea are raising more funds through player sales with Genk having signed Ike Ugbo for £6 million ($9m) .
Ugbo completes £6m transfer
Ugbo saw his transfer to Belgium delayed after an approach from Marseille, but they couldn’t come to an agreement with the Blues.
Genk will pay an initial £3m ($4m) but Chelsea can earn up to £6m should all the add-ons be met, and they will earn 20 percent of any future sale.
Genk Completes Ike Ugbo Signing
Ugbo who came through the youth rank at the chelsea have been on the blues book since 2007 , and was promoted to the senior set up in 2017 but failed to make a competitive appearance for chelsea .
The English forward spent last season in the belgian league on loan to cercle brugge from chelsea .
Chelsea have now raised well over £100m ($137m) through selling players which balances the books after signing Romelu Lukaku from Internazionale for £97.5m ($136m).