Alan Shearer mentions his appreciation for Cole Palmer as he admits £42.5m fee ‘seems to be INCREDIBLE stuff’ after Chelsea star’s phenomenal rise

Alan Shearer has revealed how much he thinks Chelsea star Cole Palmer is now worth.

Chelsea paid £42.5m to sign Palmer from Manchester City in September 2023 and he has exceeded expectations.

Palmer scored 25 goals in his debut season at Chelsea and also broke into the England squad.

So far this season, Palmer has scored six times, four of which came in the first half of the 4-2 win against Brighton last weekend.

Shearer has been hugely impressed by the impact Palmer has made and believes he would now be worth a significant amount of money if Chelsea were to cash in on him.

Alan Shearer has revealed how much he thinks Chelsea star Cole Palmer is worth

Shearer has been hugely impressed by the impact Palmer has made at Chelsea

Shearer told Betfair: ‘We talk about Cole Palmer quite a bit these days, which is great for him and for Chelsea because he is a phenomenal talent and takes everything in stride. Nothing seems to affect both his ability and his attitude.

“He uses that arrogance, confidence and belief in himself brilliantly, but it’s fantastic that he’s pulling it all off.

“If he scores the number of goals he did at Chelsea, and becomes the first player ever to score four goals in the first half of a Premier League match, it only shows the heights he can reach.”

Shearer admitted that Chelsea’s acquisition of Palmer could now be seen as ‘a nod’ and added that he could now command a fee of between £130m and £140m.

He said: ‘I thought he would join the list of players to score five goals and maybe he should have, but he is an incredible talent. It looks like Chelsea fooled him too.

According to Shearer, Palmer could now be worth between £130 million and £140 million

‘Eyebrows were raised when they paid that amount for him but now it seems to be an incredible business because if he were to be put on the market now you can imagine the price tag would be somewhere between £130 million and £140 million.’

If Palmer were sold for Shearer’s valuation, it would surpass the British transfer record fee of £106m that Chelsea paid to sign Enzo Fernandez from Benfica in January 2023.

After featuring as a substitute under Gareth Southgate at the 2024 European Championship, Palmer will take on a more prominent role for the Three Lions, with Lee Carsley in charge on an interim basis.

Palmer has scored twice in nine games for England so far, including finding the net against Spain in the Euro 2024 final.