Chelsea have put teenager Lewis Hall up for sale but are asking for around £30 million amid interest from Newcastle United.

The club’s unprecedented spending on fees over the last three transfer windows – Chelsea have spent in excess of £900 million and have broken the British transfer record twice in eight months – has brought pressure to generate sales.

Academy graduates from the Cobham system at the club’s training ground in Surrey, so prodigious in recent years in developing first-team ready and saleable assets, are expected to make up some of that deficit. They represent pure profit in financial fair play consideration – the Premier League’s profit and sustainability rules – that the club will have to submit to the league.

Hall, 18, agreed a new contract this summer until 2030 and the original intention had been for him to go on loan, with Crystal Palace at the forefront of those interested. He may yet be loaned if a suitable fee is not achieved, but is now also up for sale.

A left-footer, Hall began his senior career at left-back, although he can also operate in midfield, which is where he is expected to settle as his career progresses. He played as a midfielder in junior football. He made his debut against Newcastle last November under Graham Potter and Palace were keen on him as cover for Tyrick Mitchell, who is currently out injured.

Hall made 12 first-team appearances last term and was the Chelsea academy player of the year for 2023. He will be part of the next cycle of England Under-21s, having made his debut at that age group before this summer’s successful European Championships.

He is popular among the Chelsea fans, who recognise his promise as well as his commitment in making a breakthrough in what was a turbulent campaign in 2022-23, when the club finished 12th.

The sale of academy players has become a feature at Chelsea in recent years, with the departures of Mason Mount, Ruben Loftus-Cheek and Ethan Ampadu in this window alone.

While Mount is the highest-profile departure from that successful cohort, the club is also likely to listen to offers for Conor Gallagher and Trevoh Chalobah, who have both established themselves in the first-team squad. Callum Hudson-Odoi, long out of the picture at Stamford Bridge, is also expected to leave this summer.