Chelsea deal sealed after transfer deadline as £70m windfall secured

Nicolas Jackson has joined Bayern Munich on an initial loan deal (Image: Martín Fonseca/Eurasia Sport Images)

Nicolas Jackson is a Bayern Munich player. The 24-year-old has signed a season-long loan deal at the Allianz Arena with an obligation to buy inserted into his contract.

Chelsea and Bayern agreed on a package worth more than £70million for Jackson , with the German champions paying a £14.2million loan fee and £56.2million as an obligation if certain conditions - that are unfortunately classified - are met.

One of the more bizarre and chaotic transfer sagas of the summer has reached its conclusion. Initially, Chelsea and Bayern agreed on a season-long loan deal with an option to make it permanent, but the Blues decided to pull the plug on that on Saturday following Liam Delap 's injury in the win over Fulham at Stamford Bridge.

However, Ali Barat and the rest of Jackson's entourage remained in Munich desperate to salvage the deal. They found success, at last, on Monday, with hours remaining of the summer transfer window.

Once the move was announced, Jackson said : "I’m really happy to now be part of this great club. Bayern is one of the best clubs in the world. Everyone knows the names of the legends who’ve played here and knows that this club stands for the greatest success. I’ve got big goals and dreams here and will give my all to help Bayern win further titles."

Max Eberl, a director at Bayern, said: "Nicolas was immediately keen to play for Bayern, so we’re especially pleased that things have finally worked out. Even at a young age, he already has lots of experience at a top international level and has shown his qualities.

"Nicolas is an ideal fit for the profile we’re looking for with his dynamism and presence. He’s hungry and will expand our options in attack with his abilities, being an immediate boost for our team."

Bayern sporting director Christopher Freund added : "Nicolas will add another dimension to our attacking play. He covers a wide range of areas.

"He brings a lot of speed, is dangerous in front of goal and looks for ways to get in behind the defence for the good of the team. He is also an open, positive guy and will have no trouble settling into our team."