Chelsea signs Joao Felix in £10m loan deal

Chelsea has announced the loan signing of Portuguese football star, Joao Felix from Atletico Madrid.

British media reported Chelsea will pay around £10 million ($12m) for Felix who will only stay at the London-based club until the end of this season. The deal has no option to buy as Felix has already signed a new deal at Atletico until 2027.

Chelsea only reached a six-month loan deal with Atletico and the Portuguese footballer is expected to go back to the Spanish club in June.

Speaking to Chelsea’s official website after completing the deal, 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.”

The footballer’s exit from Atletico comes three and a half years after a €126m (£112.9m) move from Benfica, which makes him the third most expensive signing in the history of the club.