Chelsea and Man City 'swerved Haaland transfer after being told Dortmund star would cost £500MILLION over five years'

CHELSEA and Man City ended their interest in Erling Haaland after being told the superstar would cost £500MILLION.

The Borussia Dortmund star was top of the Premier League pair's transfer wish lists but they baulked at the staggering investment needed to pull of a deal.

According to the Financial Times, a move for the 21-year-old striker this summer would have cost a whopping £500m over five years.

As well as a massive transfer outlay, that half a billion-pound investment would've been attributed to his wages and a big fee to super-agent Mino Raiola.

The FT report a source close to the proposed transfer as saying: "This whole reduced transfer fee thing is a complete red herring.

“Agent fees are still going up and the wages are just obscene.”

Haaland has caught the attention of clubs across the world with his incredible goal record and physical profile.

Although both teams were keen on signing him, Chelsea were believed to be in pole position to land Haaland.

And reports claimed Thomas Tuchel's side were planning to launch a £135m bid for Haaland, but Dortmund wanted no less than £150m for their prize asset.

Due to the German outfit's high demands for Haaland, the Blues turned to Romelu Lukaku instead, who they signed for £97.5m from Inter Milan.

However, the Champions League winners may strike again for Halaand next summer when a clause in his contract means he'll be available for just £65m.

Tuchel's Blues will have also have to fend off interest from rivals Manchester United who also have their sights on Haaland.

And reports claim that the Red Devils are now leading the race for his signature – with Ole Gunnar Solskjaer previously managing Haaland at Molde.

Despite the furore surrounding Haaland's future, Dortmund boss Marco Rose is confident he'll see out the remainder of his contract in Germany.

He told Bild: "He still has a long-term contract with us [until 2024].

"Just because the public is constantly talking about him leaving next summer, that doesn't necessarily have to be the case."

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