Chelsea FC have announced the signing of Portuguese striker Joao Felix on loan from Atletico Madrid for the rest of the season.
The Blues beat Premier League rivals Manchester United and Arsenal to the signing of the Portugal forward, with neither side willing to pay the €11m (£9.69m) loan fee plus wages.
Atletico has said Felix has agreed to extend his deal with the Spanish club by one year taking his deal up until June 2027.
Speaking on the loan move to Chelsea, Felix said: “Chelsea is one of the great teams in the world and I hope to help the team reach their objectives, so I am very, very happy to be here and very excited to play at Stamford Bridge.”
He traveled to London on Tuesday to undergo a medical ahead of joining Chelsea for the rest of the season.
The 23-year-old becomes Chelsea’s fourth signing of the month following the arrivals of Benoit Badiashile, David Datro Fofana and Andrey Santos.