What happened: Everton have agreed a fee with Chelsea for the permanent transfer of academy midfielder Arthur Barratt, a player born in 2009. Several other Premier League clubs were chasing the teenager before Everton moved to the front of the queue.

Why it matters: The deal underscores Everton's stated strategy of investing in elite young talent and beating rival Premier League suitors to one of Chelsea's highly rated academy products. For Chelsea, it marks another promising youngster leaving Cobham, even as the club has recently rebuffed bids for other academy prospects.

What to watch: Attention turns to Barratt completing a medical and both clubs finalizing the paperwork to make the permanent move official.