Chelsea have signed Atletico Madrid striker Joao Felix on a season-long loan for 11 million euros (£9.7 million).
Felix has also signed a one-year contract extension with Atletico until June 2027.
With Christian Pulisic out for a few months, Chelsea boss Graham Potter said injuries had “sharpened” the club’s focus in their pursuit of the Portugal international.
“He’s a quality player,” said Potter.
“He will make a difference in the final third of the pitch and I’m looking forward to working with him.
“He’s young, but still has lots of good experience and it’s given us all a bit of a lift.
“I’ve been aware of the potential deal for a while but the injuries we’ve had maybe sharpened our focus on it.
“But it’s nice to get him here and he’s been training today, which is positive for us.”
The 23-year-old, whose wages Chelsea will fully cover until the end of the season as part of the loan agreement, has been linked to Arsenal and Manchester United.
“Chelsea is one of the great teams in the world,” said Felix.
” I hope to help the team reach their objectives. I am very, very happy to be here and very excited to play at Stamford Bridge.”
When Atletico Madrid paid Benfica £113 million for Felix in 2019, he became the fifth-most expensive player in history.
He went on to score 34 goals and assist 18 times in 131 appearances across all competitions.
Felix was a member of Portugal’s World Cup squad, scoring once in five games as they advanced to the quarterfinals.
Since then, he has appeared twice for Atletico, scoring in a 2-0 win over Elche on December 29 before playing 73 minutes in a 1-0 loss to Barcelona on Sunday.
Felix has five goals and three assists in 20 games for Atletico this season.