Joao Felix has completed a permanent move to Chelsea from Atletico Madrid worth up to £46.3m.
The move allows Chelsea’s Conor Gallagher’s transfer to the Spanish club.
Felix is understood to be joining Chelsea for a £42 m fixed fee, plus £4.3m in add-ons, which could make the transfer eventually worth in excess of £46m.
The 24-year-old forward is expected to sign a six-year contract that includes the option for a further year.
Chelsea will also try to sign a new striker during this window after they complete a deal for Felix.
Napoli’s Victor Osimhen has been a target all summer but at the moment Chelsea would not sign him on a permanent deal.
Felix deal unlocks Gallagher’s move to Atletico
Felix was not named in the starting XI or on the bench for Atletico Madrid’s LaLiga away game against Villarreal on Monday night after originally being included in the travelling squad.
