Portuguese club Benfica have released a statement confirming the transfer of Enzo Fernandez to Chelsea for a British record fee of €121million.

Statement from Benfica as translated by Absolute Chelsea: “Sport Lisboa e Benfica – Futebol, SAD reports that it has reached an agreement with Chelsea FC for the sale of all the rights of the player Enzo Fernández, for an amount of €121,000,000 [one hundred and twenty-one million euros].

“It is further informed that Chelsea FC will have the right to retain the 3.78% solidarity mechanism for subsequent distribution to the clubs that participated in the player’s formation.

“In addition, Benfica SAD will have charges for intermediation services of 6.56% of the value of the sale deducted from the amount of solidarity and will also have to deliver to River Plate the amount corresponding to 25% of the transfer value…”

Fernandez has signed an eight-and-a-half year contract with Chelsea until 2031.