This much was revealed by sources close to the deal on Tuesday morning.
While specifics regarding the figures have not been disclosed, the London club have now switched focus on finalizing a deal with Brighton & Hove Albion FC.
Talks are scheduled to take place again today, Tuesday.
It is expected that Brighton’s asking price of £50million will not pose a problem to Chelsea’s new owners, Todd Boehly and co.
Manchester City was once thought to be the defender’s preferred choice, but City’s reluctance to pay up has led to Chelsea hijacking the deal.
More details regarding this transfer to follow as news unfolds.