Chelsea manager Mauricio Pochettino was in agreement with the club not to overpay for Manuel Ugarte amid the competition from Paris Saint-Germain.

How much are PSG paying Ugarte?

The Blues endured a hugely underwhelming 2022/23 campaign which saw them finish in a disappointing 12th spot of the Premier League table.

But it is apparent Todd Boehly will not allow that to happen again with the American owner already putting plans in place to bring change ahead of next season.

Indeed, Pochettino has already been appointed as the new Chelsea manager and they have been involved in a transfer saga this early in the summer.

However, this was not a transfer saga which ended in Chelsea's favour after they bowed out of the race to sign the Uruguay midfielder, Ugarte, following the competition from the Ligue 1 champions.

Although the west London side had submitted a significant bid for the 22-year-old, they were forced to move away from the negotiations after PSG trumped their financial proposal to the player.

Speaking on his YouTube channel, Fabrizio Romano has provided an insight to the discussions behind the scenes at Staford Bridge amid their negotiations with the Sporting CP midfielder.

It is apparent the Blues were keen to strengthen their midfield with the addition of Ugarte, however, Pochettino was not in favour of overpaying for the 22-year-old with PSG offering a reported £2.6m more in annual salary:

"I wanted to tell you something behind the scenes about the situation that Chelsea had regarding Manuel Ugarte."

"I can tell you that Mauricio Pochettino was always involved in the conversation with the Chelsea board. Of course, Pochettino will be into the market this summer together with the board, and also Pochettino when Chelsea told him: 'We are not going to make another bid [for the] player because the idea is not to match Paris Saint-Germain's salary proposal for Ugarte'.

"Also the position of Mauricio Pochettino was like: 'Okay, Ugarte is a great player, but we don't want to enter into any crazy proposal to players, especially'."

Will Chelsea sign Moises Caicedo?

Now the Blues are expected to see N'Golo Kante and Mateo Kovacic depart the club over the coming days, midfield reinforcement will be on the mind for Pochettino.

And with that in mind, it is believed the west London side are eyeing a potential move for the Brighton & Hove Albion midfielder Moises Caicedo.

However, the Blues are not believed to be the only London side keen to potentially bring Caicedo to the capital with Arsenal all credited with interest.

But this is a deal which will not come on the cheap with the 21-year-old having signed a new deal on the south coast following the January transfer window.

As a result, it is suggested the Seagulls will be looking for a fee in the region of £80m – all in – for their midfielder.

The Ecuadorian is believed to be earning in the region of £60k-per-week at Brighton, so if he is to make a big-money move to Stamford Bridge it would be expected his wages will increase significantly like his former teammate, Alexis Mac Allister.