# Exequiel Palacios officially joins Ipswich Town > Live situation record from CLSTR: https://clstr.news/situations/ipswich-town-pursuit-of-exequiel-palacios > Updated: 2026-08-27T22:44:47.000Z. Sources: 23. Developments: 4. Ipswich Town has officially completed the signing of Argentine midfielder Exequiel Palacios from Bayer Leverkusen. The 27-year-old World Cup winner has signed a contract that keeps him at the Premier League club until June 2030. While the transfer fee was officially undisclosed, reports indicate the final deal is worth approximately €22.5 million in fixed fees, plus an additional €5 million in performance-based variables, totaling between €23 million and €27 million. This follows previous negotiations where Leverkusen initially sought higher figures before reaching a compromise with the newly promoted side. Palacios departs Germany after six and a half years, during which he made 186 appearances and contributed to Bayer Leverkusen’s Bundesliga and DFB-Pokal double in the 2023/24 season. His departure is partly attributed to injury concerns, specifically a recurring adductor issue that impacted his availability during the previous season. Bayer Leverkusen sporting director Simon Rolfes praised the midfielder’s quality and character, noting the move fulfills Palacios’s desire to compete in English football. The transfer is part of an ambitious recruitment drive by Ipswich Town, which has spent approximately €180 million on thirteen new players during this transfer window. Additionally, the move provides a financial boost to his former club, River Plate; due to FIFA solidarity mechanisms and a sell-on clause, River Plate is expected to receive between €1.3 million and €2.7 million. ## Timeline ### 2026-08-27: Exequiel Palacios joins Ipswich Town from Bayer Leverkusen Argentine World Cup winner Exequiel Palacios has joined Premier League side Ipswich Town from Bayer Leverkusen in a deal worth up to 27 million euros. 9 sources. https://clstr.news/cluster/exequiel-palacios-joins-ipswich-town-from-bayer-leverkusen ### 2026-08-25: Exequiel Palacios joins Ipswich Town from Bayer Leverkusen Ipswich Town has signed Argentine midfielder Exequiel Palacios from Bayer Leverkusen on a contract through 2030 for a reported fee of €22.5 million plus €5 million in bonuses. 12 sources. https://clstr.news/cluster/exequiel-palacios-nears-transfer-from-bayer-leverkusen-to-ipswich-town ### 2026-08-23: Exequiel Palacios nears Ipswich Town move from Bayer Leverkusen Ipswich Town has reached a verbal agreement with Bayer Leverkusen for the transfer of midfielder Exequiel Palacios in a deal worth approximately 30 million euros. 4 sources. https://clstr.news/cluster/ipswich-town-makes-30-million-euro-offer-for-exequiel-palacios ### 2026-08-09: Ipswich Town makes official bid for midfielder Exequiel Palacios Ipswich Town has made an official bid for Argentinian midfielder Exequiel Palacios as the club shifts toward an international recruitment strategy under new manager Gary O’Neil. 5 sources. https://clstr.news/cluster/ipswich-town-makes-official-bid-for-midfielder-exequiel-palacios --- Cite as: Exequiel Palacios officially joins Ipswich Town. CLSTR, https://clstr.news/situations/ipswich-town-pursuit-of-exequiel-palacios