The Guardian are now reporting some details of the Mohamed Salah agreement, and they don't look nearly as bad as much of what was reported earlier today:
The Egypt international will cost an initial £12m which could rise to £16m with the move subject to the player agreeing personal terms and passing a medical. The 21-year-old, who boasts an impressive 17 goals in 27 games for his country, is likely to be introduced to the crowd at Sunday's FA Cup fourth-round tie against Stoke City when Chelsea's other major mid-season signing, Nemanja Matic, will hope to make his first start in his second spell at the club.
£12 million guaranteed seems like a much more reasonable figure than what we were initially hearing, even if there are escalators attached that could see the deal become more expensive in the future. Frankly, we should all be hoping that he triggers every escalator, as that means the player has been a success at the club.
While personal terms have not yet been agreed, I can't imagine a player coming from the Swiss league will wind up with a particularly hefty wage. All told, this move looks like it will have a very small hit in terms of FFP, something that will be very useful going forward.