BREAKING NEWS: Conte agrees new £9.5M contract!

The Blues set to announce new terms for their manager, sending a message to potential targets that the club is ambitious ahead of the summer transfer window.

Antonio Conte

Antonio Conte will sign a new £9.5M deal to remain at Chelsea until 2021 after receiving assurances that progress is being made on transfer targets following a disagreement last week.

Chelsea director Marina Granovskaia appears to have mended the temporary knot with Conte on Sunday as she addressed the issues of transfers and a new contract.

Conte will become the seventh highest paid manager in the world and the third highest in England after verbally agreeing to the new terms, which comes off the back of initial doubts about whether he would remain at the Premier League champions after news emerged in Italy that he was

unhappy with how Chelsea's transfer business was being handled.

Chelsea remain confident of completing deals for Everton striker Romelu Lukaku, AS Monaco's Tiemoue Bakayoko and Manchester City's Willy Caballero and they have convinced their manager that negotiations are being handled correctly, despite the slow progress.

Conte will be back at Chelsea to begin pre-season on 7 July and is expected to take part in some low profile friendlies in England, ahead of a lucrative tour of the far east to face the likes of Arsenal, Bayern Munich and Inter.

Chelsea will then face Arsenal in the Community Shield and Burnley in the Premier League on the opening day of the season.