After a long drawn-out negotiating process with Brighton & Hove Albion over the past few months, Chelsea have finally announced the signing of Moises Caicedo.
The Ecuadorian defensive midfielder has signed an eight-year contract at Stamford Bridge with the option of an additional 12 months and will cost a British record £115 million.
The move is the second time Chelsea have broken the British transfer record in the last six months, having paid around £106m to sign Enzo Fernandez in January.
“I am so happy to join Chelsea,” Caicedo said. “I am so excited to be here at this big club, and I didn’t have to think twice when Chelsea called me.
“I just knew I wanted to sign for the club. It’s a dream come true to be here, and I can’t wait to get started with the team.’
Caicedo’s arrival takes Chelsea’s spending in the Todd Boehly-led era to over £800m over the last three windows, and there is an expectation that they could smash the £1 billion mark before the end of the month.
The Blues are still in the market for a new goalkeeper to replace Kepa Arrizabalaga, who has joined Real Madrid on a season-long loan.
The arrival of an additional forward player has not been ruled out either, with a deal to sign Michael Olise from Crystal Palace in the works.
The Blues are close to agreeing personal terms with the Frenchman while a £45m transfer fee will be demanded.
Chelsea are not far from announcing another midfield signing after convincing Romeo Lavia to ditch Liverpool in favour of a move to London.
The Southampton youngster is expected to sign a long-term contract in a potential £60m deal and could be Chelsea’s seventh first-team signing of the summer.
