Chelsea and Arsenal face a significant setback as it is confirmed by Fabrizio Romano that their primary target has reached an agreement on a new deal as a rival club is ready to sign him for a whooping €130m.

Chelsea and Arsenal face a setback in their 2024 transfer plans as their target for the striker position, Napoli’s Victor Osimhen, has signed a new contract with a substantial €130m release clause.

Both London clubs were eyeing the prolific Nigerian star, known for his impressive contributions to Napoli’s Serie A title win last season.

Despite Osimhen’s current season facing challenges, the 24-year-old forward has committed to Napoli with a contract extension until June 2026, including the significant release clause, dealing a blow to the interested parties in the upcoming transfer window.

🚨🔵 Napoli reach an agreement in principlenwith Victor Osimhen on new contract with release clause included!

It will be valid until June 2026, one more year.

↪️🇳🇬 Final value of the clause, TDB — could be around €130m as per Sky.

Official announcement expected soon. pic.twitter.com/nVPhOQDwzM

— Fabrizio Romano (@FabrizioRomano) December 13, 2023

Given the substantial €130m release clause in Victor Osimhen’s new contract with Napoli, it appears unlikely that Chelsea and Arsenal will be willing to meet such a high fee.

This development prompts both London clubs to shift their focus to alternative targets.

Brentford’s Ivan Toney has emerged as another name on the radar for Chelsea and Arsenal in their quest for a striker, as the English forward is anticipated to depart the Bees during one of the 2024 transfer windows.

The challenges of recruiting in the striker position have intensified for both clubs due to the recent developments surrounding Osimhen.