Chelsea offloaded Raheem Sterling to Arsenal on loan and was set to replace him in its bloated squad with fellow winger Jadon Sancho in a loan from Manchester United to complete its latest overhaul in a dramatic final few hours of the summer transfer window.

The deal for Sterling was announced after the market officially shut in Britain at 2200 GMT (11 pm local time), with the Premier League having given the clubs involved extra time to complete the transactions. Sancho’s move to Chelsea was expected to be announced imminently. Chelsea failed, however, in its reported last-ditch attempt to sign Napoli striker Victor Osimhen, who had been linked all day with a move to either Stamford Bridge or to the Saudi Pro League but looked set to stay in Italy against his will.