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Chelsea and Manchester United made early moves on what looks set to be a busy transfer deadline day.

The Blues completed the signing of Manchester City forward Cole Palmer on a seven-year contract.

The PA news agency understands the club will pay an initial £40million for the 21-year-old academy graduate with an additional £2.5m in possible add-ons.

“I’m excited to get started and it feels great to sign,” Palmer told his new club’s website.

“I’ve joined Chelsea because the project here sounds good and because of the platform I will have to try to showcase my talents. It is a young and hungry squad and, hopefully, we can do something special here.”

It takes spending in the 16 months since the club was acquired by Todd Boehly’s Clearlake Capital consortium to over £1billion, with Palmer the 12th player through the door during the summer transfer window.

United confirmed the signing of Turkey international goalkeeper Altay Bayindir from Fenerbahce.

The 25-year-old has signed an initial four-year contract at Old Trafford, with the option of a further year.

Altay Bayindir
Altay Bayindir is a new arrival at Manchester United (Mike Egerton/PA)

Bayindir is the second goalkeeper signed by the Red Devils this summer and will provide competition to fellow new arrival Andre Onana.

“It is a huge honour to join Manchester United and become the first Turkish player to represent this incredible club,” Bayindir said in the statement announcing his signing.

United could add further recruits on deadline day, with a loan move for Tottenham full-back Sergio Reguilon close to completion.

Nottingham Forest signed Arsenal full-back Nuno Tavares on a season-long loan, with the option of making it permanent.

“Forest is an historic club which won two European Cups and to be part of it makes me really happy,” he said.

“I’m really happy to stay in the Premier League as it’s the best league in the world and I’m thankful to Forest for giving me that opportunity.”

Manchester City defender Taylor Harwood-Bellis headed out on loan to Championship outfit Southampton.