Tiemoue Bakayoko will finally undergo the last part of his Chelsea medical on Friday after the Blues agreed a deal worth up to £39.7 million, plus add-ons, with Monaco.

Chelsea have been waiting for over a fortnight to complete the Bakayoko deal because of knee surgery the 22 year-old underwent at the end of last season.

During the intervening period, Monaco became frustrated by the payment structure proposed by Chelsea, who wanted to buy Bakayoko for a £35m flat fee. But the dispute over the fee has now been resolved after Chelsea agreed to increase their bid and Bakayoko will complete his medical on Friday before officially being announced as a Blues player.

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As revealed by Telegraph Sport on Wednesday, Chelsea head coach Antonio Conte fears Bakayoko may not be ready to make his full debut until September. Bakayoko’s preparations for the new season have been limited while he has recovered from his operation and he is a long way behind the rest of the Chelsea squad.

Chelsea are confident the player will not require further surgery, but he may not be able to go straight into full training which means he could miss the opening three Premier League games - Burnley, Tottenham Hotspur and Everton.

Conte will decide on Friday whether Bakayoko joins his squad on their pre-season tour of China and Singapore, which they depart for on Monday, or whether he remains in England to work on his fitness at Cobham.

Bakayoko will be Chelsea’s third signing of the summer, following Willy Caballero and Antonio Rudiger. The club are in talks with Real Madrid over right-back Danilo and striker Alvaro Morata, and are also negotiating with Juventus for left-back Alex Sandro.