
Illustrator Gabriel Foligno Photographer Eurasia Sport Images Publication Getty Images Sport
A New Era Under Xabi Alonso
Chelsea had a tough 2025/26 season. We finished without any European football and had the biggest financial losses in English football history. Now we start 2026/27 with a new manager, a new squad, and a different kind of pressure.
Chelsea had a tough 2025/26 season. We finished without any European football and had the biggest financial losses in English football history. Now we start 2026/27 with a new manager, a new squad, and a different kind of pressure. Xabi Alonso is the new head coach, on a four-year contract. His time at Real Madrid was short and not very successful, but people still remember his work at Bayer Leverkusen, where his team won the Bundesliga without losing a single game. The transfers so far show a club that is still planning for the future, but now with more clear tactical ideas.
The Season Ahead
Alonso starts his job with a London derby away to Fulham. After that, Chelsea play at home against Brighton, then away to Arsenal in early September. The next part of the calendar is very tough: Crystal Palace, Liverpool, Manchester City, Aston Villa, Coventry and Ipswich, all close together around Christmas. This run of games will show early if the new manager's ideas are working
On the tactical side, the big question is the system. At Leverkusen, Alonso liked to play with a back three, and many people think he could try something similar at Chelsea, maybe a 3-4-2-1 shape. This system needs center-backs who are comfortable with the ball, and wing-backs who can also attack. This affects the transfer plans too, especially at full-back and center-back.
Our Business So Far
Out: Cucurella to Real Madrid
The biggest sale is Marc Cucurella, who moved to Real Madrid for around £47.5m. In my opinion, this is a big loss. Cucurella was one of Chelsea's most steady players and an important voice in the dressing room, even though his level dropped massively after Maresca left. For Alonso, this opens a spot at left-back. In the short term, Jorrel Hato should take that position, but the club could still sign spanish left-back Josep María Chavarría Pérez from Rayo Vallecano.
In: New Signings for Different Positions
Geovany Quenda (£44m, from Sporting CP) is one of the biggest names so far. He signed a seven-year contract. Many people see him as one of the best young attacking talents outside the traditional top clubs. He gives Chelsea a real option on the right wing, someone who can play well with Cole Palmer and who is different from last summer's wide signings, which did not work out well.
Marco Palestra (£49m, from Atalanta) did very well on loan at Cagliari, where he was named the best defender in Serie A last season. He is a flexible two footed player who can play at right-back or wing-back, which is exactly the kind of profile you need for a back-three system. He is only 21, but he is expected to compete right away with Reece James for a starting place. The italian will probably play a big role since Reece can't play too many games and Gusto will probably be sold.
Mike Penders, first signed from Genk, is now returning from a loan at Strasbourg. He adds more competition in goal. Even though Sanchéz is a very good keeper, he isn't the best on the ball in short spaces. Penders really excel in this department, which made him record a 99th percentile pass accuracy at 81.3%. That makes the giant belgium the perfect keeper for Alonso.
Emanuel Emegha had a deal agreed with sister club Strasbourg back in September 2025, and the move is now complete. He is definitely a much better option than Jackson and Delap. Both are not good enough to play for a club like Chelsea.
Dastan Satpaev (£2m, from Kairat Almaty) is a teenage striker from Kazakhstan. Some people back home already compare him to a young Sergio Agüero. He is more of a long-term project than an immediate first-team option.
Valentín Barco, a former Boca Juniors left-back, has been signed before Alonso's appointment. In my opinion, this kid is a star in the making. Stamford Bridge is going to love his quality, insensity and passion. I'd say he is going to be one of the fan favourites by January. The argentinian is also very versatile, simply because he is a very good footballer.
Still to Decide
Chelsea's business is not finished yet. Enzo Fernández's future is still not clear, with talk of a possible move to Real Madrid. There are also several center-backs like Tosin Adarabioyo, Trevoh Chalobah, Mamadou Sarr and others that who could leave to reduce the squad size and help fund new signings. If Alonso really wants to play with a back three, a new top-level center-back (Crystal Palace's Maxence Lacroix has been mentioned) looks like a priority.
Granit Xhaka is also being chased by Chelsea, even though Sunderland has been very clear that the swiss international won't leave the club. Most recent reports state that the deal is definitely off, however I didn't get the feeling that this is over just yet. I'm hoping we can secure his signing, because he is a really top midfielder and would bring very needed experience and leadership.
What It All Means
If we look at the summer as a whole, the story is fairly clear: Chelsea sold a reliable, experienced player in Cucurella, and used part of that money to bring in a mix of ready-made quality (Penders, Palestra) and long-term projects (Emegha, Satpaev, Quenda). This feels more focused than some of the club's recent transfer windows, probably because Alonso is pushing the sporting directors to also look for more experienced, proven players, not only young prospects.
The ceiling for 2026/27 is high: this squad still has Cole Palmer, João Pedro, Moisés Caicedo, Enzo Fernández (for now) and Estêvão, some of the most talented young players in Europe. But the floor is also real, because the team looked lost for long parts of last season. A top-four finish looks like a fair target, not something guaranteed. How Alonso mixes his new signings with the current squad and how the team handles one of the hardest Christmas schedules in the league,will probably decide if this becomes the start of a real rebuild, or just another false start at Stamford Bridge.
How we could lineup
I don't think Alonso will be sticking with a three at the back system for every game. During his Madrid days, he also played with a back four. I still think we should improve the left wing position, with both Garnacho and Gittens being very disappointing signings so far. For now, we should focus on off loading players who are not good enough and signing proven established players in order to help these young stars flourish.
More from Gabriel Foligno coming soon.
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