Chelsea midfielder Michael Golding has agreed to a £4 million move to Leicester City, sources have told Football Insider.

Golding, 18, has just one senior appearance to his name and featured largely for the Blues’ academy sides last season. The move to Leicester is expected to be completed within the next 24 hours after medical tests and additional formalities are finalised. He has agreed to a four-year deal with the Premier League outfit.

This transfer follows Chelsea’s reported agreement to sign Kiernan Dewsbury-Hall from Leicester, having already brought in new boss Enzo Maresca.

Michael Golding agrees to a four-year Leicester City deal as Chelsea exit is finalised:

Golding made his senior debut in the 4-0 FA Cup win against Preston in January and was included in the matchday squad for the EFL Cup defeat to Middlesbrough just three days later. He also gained experience of senior football when Chelsea’s Under-21s side faced Northampton in the EFL Trophy, in which he scored and assisted in a 2-2 draw.

Able to play any midfield role, whether as a defensive or attacking midfielder, his performances in the Chelsea academy drew admirers both at Stamford Bridge and beyond. Golding has represented England in every age group from Under-15s to Under-18s, and is also eligible to represent the Republic of Ireland, having done so once at Under-16 level.

PSR concerns have emerged at both Leicester and Chelsea this summer, with the financial deadline of 30 June a crucial day for both clubs. A reported £30 million fee for Dewsbury-Hall’s move to Chelsea will help Leicester’s financial position, while the £4 million spent on Golding will contribute towards Chelsea’s need to sell.

Golding’s departure marks another significant move in Chelsea’s strategy to balance their books and reshape their squad, as Leicester looks to bolster their ranks with young talent.