Chelsea attacker Ruben Loftus-Cheek will reportedly earn £1.7m before the age of 20 under the terms of his new contract with the club.

It is believed that the 17-year-old will be paid a salary of £912,000 until the summer of 2015, as well as receive a signing-on fee in the region of £375,000.

On top of that, the youngster will be given three loyalty bonuses worth £350,000, according to The Mirror.

However, the report went on to claim that the Blues are locked in battle with Loftus-Cheek's agent, who has accused the Stamford Bridge outfit of breaking an agreement that they would pay him £1m for arranging the contract.

Prior to signing the deal, Loftus-Cheek was said to have attracted the attention of Manchester United, Arsenal and Barcelona.