Chelsea have announced the signing of Ecuador international Moises Caicedo from Brighton.
The 21-year-old midfielder has agreed an eight-year contract at Stamford Bridge, with a club option of a further year.
Caicedo joins Chelsea in a deal worth £115million, which is a record for a British transfer.
On completing his move to Chelsea, Caicedo said: “I am so happy to join Chelsea! 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.”
Co-sporting directors Laurence Stewart and Paul Winstanley said: “Moises has proved himself as a standout player in European football over the past 18 months, and we are thrilled to add him to Mauricio Pochettino’s squad.
“Moises possesses a rare midfield skill set and is a player we’ve been targeting for some time. We believe he will make a significant impact at Stamford Bridge this season – and in the years ahead.”