HAMBURG, GERMANY - MARCH 04: Exequiel Palacios of Bayer Leverkusen in action during the Bundesliga match between Hamburger SV and Bayer 04 Leverkusen at Volksparkstadion on March 04, 2026 in Hamburg, Germany. (Photo by Stuart Franklin/Getty Images)
English Premier League newcomers Ipswich Town have reached a verbal agreement with Bayer Leverkusen to sign Exequiel Palacios for a reported €30m including bonuses, according to a report by Sky Germany’s Florian Plettenberg.
A Bundesliga and DFB Pokal winner with Bayer Leverkusen, and World Cup champion with Argentina in 2022, Palacios has agreed a four-year contract with Ipswich through to June 2030. With final negotiations ongoing, the green light for a medical will be given once a total agreement has been reached.
Ipswich’s move for Palacios comes after seeing previous bids rebuffed, with an opening €20m bid two weeks ago swiftly rejected. According to Plettenberg, the Premier League side will pay an initial €25m plus a further €5m in bonuses.
Since joining Die Werkself from River Plate in 2020, Palacios has played 186 games across all competitions, scoring 15 goals and creating a further 17.
GGFN | News Desk