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Chelsea have agreed a deal to sign Rangers starlet Billy Gilmour this summer, the Scottish club have announced.
Rangers released a statement on Tuesday afternoon to confirm the 15-year-old, who plays as a midfielder, will complete his move to Chelsea at the end of the season after the youngster expressed a desire to join a Premier League side.
The statement read: "Rangers can confirm that agreement has been reached for our under-16 player Billy Gilmour to join Chelsea in the summer.
"The club’s preference would have been for Billy to stay at Rangers but when he made clear his desire to move to the Premier League it was important that we maximised the commercial value for him. We believe we have done this.
"The agreement will provide Rangers with a significant sum for a young player who has yet to play first-team football, and further significant amounts could be due based on milestones being reached. We are pleased with this outcome and believe this deal represents good value for Rangers."
Chelsea have not yet confirmed the deal, but it will be seen as a significant capture for the club with Gilmour believed to have been targeted by several English top-flight clubs following his impressive performances for Rangers' youth side and the Scotland under-16 team.