Chelsea have completed the signing of Joao Felix from Atletico Madrid in a deal worth £46.3m.
The Blues have paid a £42m fixed fee for the forward, plus £4.3m in add-ons.
The 24-year-old has signed a seven-year contract in west London.
“I’m really happy to be back at Chelsea and I can’t wait to get started,’ Joao said. ‘I can see some familiar faces from the last time I was here, which is always nice.
“I loved my time here before and I told my friends and family that I’d love to return to the Premier League one day. To do that with Chelsea is a great feeling and I’m excited to be back,” he added.
The Portugal international returns to Stamford Bridge on a permanent deal having spent six months on loan at Chelsea during the second half of the 2022/23 season, scoring four goals in 16 Premier League appearances.
Felix spent last season on loan at Barcelona where he scored 10 goals in 44 appearances.
The ex-Benfica player becomes Chelsea’s 10th summer signing following the arrivals of Tosin Adarabioyo, Omari Kellyman, Marc Guiu, Kiernan Dewsbury-Hall, Renato Veiga, Caleb Wiley, Aaron Anselmino, Filip Jorgensen and Pedro Neto.
Felix’s arrival also takes Chelsea’s spending to £202.6m making them the Premier League’s top spenders this summer.