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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. 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.

Chelsea have signed Cole Palmer from Manchester City for an initial £40m. The Blues could pay a further £2.5m in add-ons, boosting Mauricio Pochettino’s squad. Palmer becomes Chelsea’s 13th signing of the summer and has penned a seven-year contract with an option to add a further 12 months to his stay at Stamford Bridge. FOLLOW LIVE - Transfer Deadline Day Latest: Ryan Gravenberch on brink of Liverpool move as Man Utd sign Turkish goalkeeper “I’m excited to get started and it feels great to sign,’ said Palmer. “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.” While co-sporting directors Laurence Stewart and Paul Winstanley said: “Cole arrives with experience of winning the Premier League and Champions League and adds further quality and versatility to our attacking unit. ‘He has showcased his talent and potential in the most challenging environments and delivered on the international stage for England this summer at the European Under-21 Championships. He is undoubtedly ready for this next step and we are delighted it will be with Chelsea.” :: Get all the latest football betting sites offers here and the latest odds on transfer deadline day deals here. Read More Deadline day latest LIVE: Premier League transfers as the window prepares to shut Transfers latest LIVE: Premier League updates ahead of deadline day How Lukaku, football’s nearly man, became Mourinho’s ideal signing