Cole Palmer's salary bumped up after extending Chelsea deal until 2023

Cole Palmer has secured a lucrative new salary following his recent contract extension with Chelsea. The talented player's deal will now keep him at the club until 2033.

Palmer was previously earning £80,000-a-week – and according to the latest reports – the 22-year-old will now pocket a bigger weekly wage around £130,000.

That means Palmer is now one of Chelsea’s top earners and he could be set to earn even more, if he hits certain clauses within his new incentive-driven deal.

Palmer swapped Manchester City for Stamford Bridge last summer in a huge transfer worth £42.5m, which initially raised eyebrows and was seen as a big risk.

That was because of Palmer’s lack of experience, but the England international is now very much regarded as one of the best signings of the 2023-24 campaign.

Palmer’s debut Premier League season for the Blues was historic as he remarkably broke Eden Hazard’s Chelsea record for the most goals and assists.

The versatile attacker, who mainly operates as an attacking midfielder or winger, is over the moon to sign a new Chelsea contract and said: ‘I’m delighted!

Cole Palmer 2033.

‘I achieved a lot in my first season here – and hopefully I can continue to experience great things at this club, both on a personal level and in terms of bringing success and trophies to Chelsea.’

Palmer has conjured up 25 goals and 15 assists across 45 games in all competitions for Chelsea to date.

He was crowned both Premier League Young Player of the Season and Chelsea Player of the Season last term.

Palmer has been on an incredible upwards trajectory ever since leaving the Etihad and Pep Guardiola admitted last year that he never wanted the player to leave.

‘He was asking for two seasons to leave and I said, ‘No! Stay! Stay!’ – but he said, ‘No – I want to leave’ – what could we do?’ Guardiola said last season.

‘I said in pre-season, stay. He said he wanted to leave. What could we do? I said stay because Riyad [Mahrez] is gone but for two seasons he wanted to leave.

‘Playing that level [he is now] is exceptional. He’s an exceptional player. I didn’t give the minutes that maybe he deserved and now he has at Chelsea.

‘I understand completely. He’s a shy guy with a lot of potential. It is what it is. He’s playing fantastic so what can I say, the decision has been made for many reasons.’