30 million for Exequiel Palacios

Ipswich Town reached a verbal agreement this Tuesday with Leverkusen to transfer Exequiel Palacios, a 27-year-old midfielder, as reported by journalist Florian Plettenberg. A significant move before the closing of the Premier League transfer market.

The deal between the clubs has been set at €30 million (€25 million fixed and €5 million in variables), with the Argentine international agreeing to a four-year contract signed until June 2030.

The negotiation figures between Ipswich Town and Leverkusen

The understanding between both parties materialized after the initial British proposal was increased. On August 18, Leverkusen's board rejected a first formal attempt valued at €15 million, prompting Ipswich Town to present an improved offer with €25 million guaranteed to unlock the player's departure.

At 27 years old, the midfielder will become the first world champion to wear the English team's shirt. Palacios has earned 41 caps for Argentina, winning the 2022 World Cup and participating in the 2026 tournament in the group stage match against Jordan.

Midfield restructuring and Exequiel Palacios' career path

Palacios' arrival responds to the coaching staff's need to refresh the midfield following the departures of Jens Cajuste and Dan Neil at the end of their loans. The Argentine's addition marks the third reinforcement for the central area in this summer market, joining previous signings Saša Lukić (from Fulham) and Florentino Luís (from Burnley).

The player will part ways with the German squad after arriving in 2020 from River Plate. At Leverkusen, he accumulated 185 matches, 15 goals, and 17 assists, being part of the squad that secured the Bundesliga title in the 2023-24 season. In the past campaign, the midfielder featured in 25 games across all competitions after recovering from a four-month injury to his right adductor.

Ipswich Town's and Leverkusen's lawyers are finalizing the drafting of the contractual clauses in the last 24 hours. Once the final documentation is reviewed by the boards, the British entity will give the green light for Palacios to travel to England, undergo the necessary medical examinations, and sign his contract until 2030.

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