According to media reports on Monday, Chelsea has negotiated a British record transfer fee of £115m ( Ksh 20,961,522,592 billion) for Brighton and Hove Albion player Moises Caicedo.

The 21-year-old Ecuadorian was also a target for Premier League rivals Liverpool, who negotiated a rumoured record deal of £115 million with Brighton on Friday.

PHOTO | COURTESY Moisés Caicedo

 According to reports, it became evident over the weekend that Caicedo preferred a move to Chelsea and would sign an eight-year contract with the West London club.

Chelsea, who drew 1-1 with Liverpool in their Premier League opening on Sunday, is hoping Caicedo will be available for the visit of West Ham United next weekend.

PHOTO | COURTESY Moisés Caicedo

He might play alongside Enzo Fernandez in Mauricio Pochettino's team, which cost a British record £107 million when he signed from Benfica earlier this year. Caicedo was left out of Brighton's squad for Saturday's 4-1 triumph over Luton Town at home.

Liverpool struck a £111 million deal to sign Caicedo earlier this week, but the deal fell through when the 21-year-old notified the club that he would be joining Chelsea.

PHOTO | COURTESY  Moisés Caicedo

Caicedo was set to go to Liverpool for a medical on Friday after Jurgen Klopp's side had a bid accepted by Brighton after a bid deadline of midnight on Thursday.