EPL Index
·18 February 2026
Chelsea star set to return after unsuccessful Bundesliga spell

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·18 February 2026

Nicolas Jackson is expected to return to Chelsea this summer, a development shaped less by drama and more by arithmetic, as reported by The Times.
Bayern Munich agreed an initial £14.3million loan fee last summer, with a further £56.2million due once the forward reached a specific appearance threshold in the Bundesliga and Champions League. That benchmark, understood to be around 40 appearances of at least 45 minutes each, now looks distant. Jackson has made 22 appearances in all competitions, only seven of them lasting beyond 45 minutes.

Photo IMAGO
In elite football, clauses often tell a clearer story than quotes. Here, the clause is the headline.
Jackson’s campaign in Germany has been fractured. The Africa Cup of Nations removed him from club duty last month, interrupting rhythm and momentum. Even when available, he has struggled to command sustained minutes, scoring only five goals for Bayern.
As it stands, Bayern are unlikely to make the deal permanent without triggering the obligation clause. That leaves Chelsea awaiting his return to Stamford Bridge, where circumstances have shifted since his departure. Enzo Maresca has been replaced by Liam Rosenior, a managerial change that subtly reframes Jackson’s prospects.
Football careers often hinge on timing. Jackson pushed to complete the move to Bavaria despite Chelsea attempting to cancel the deal when Liam Delap sustained a hamstring injury during a 2-0 win over Fulham. A recall of Marc Guiu from Sunderland and a renegotiation that increased the loan fee allowed the transfer to proceed.
Those details now feel significant. What once looked like a clean separation may become a brief detour.
Jackson joined Chelsea from Villarreal in 2023 for about £32million, arriving as a forward of raw energy and unpredictable threat. Interest from clubs in Italy, Spain and the Premier League last summer underlined his market value. That interest may resurface.

Photo: IMAGO
The more intriguing question is whether Chelsea see renewed utility in him. Rosenior inherits a squad recalibrating its attacking options. Jackson, still only 24, returns with European experience, albeit limited in impact.
His options are said to be open. Chelsea’s are too.
Jackson never quite convinced everyone during his first spell, yet there was always a sense that his game was in development rather than decline. Five goals in Germany is underwhelming, but context matters. Limited minutes and disrupted continuity rarely produce fluency for a striker.
Many Chelsea fans will wonder whether Rosenior might extract something different. A more defined role, clearer service patterns, and consistent starts could reshape perception quickly. Supporters have seen players written off too early before.
There is also financial logic. Avoiding a £56.2million obligation being triggered means Chelsea retain control of the asset. In a market where forwards command inflated fees, having a 24-year-old with Premier League experience under contract carries value.
Some will argue the club should move on and pursue a cleaner attacking reset. Others will see an opportunity for redemption.
For Chelsea fans, the prevailing mood may be cautious curiosity rather than outright scepticism. Jackson’s return does not solve everything, but it reopens a door that never fully closed.
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