Joao Felix, a Portuguese football star, has joined Chelsea on loan from Atletico Madrid.

Chelsea sign Joao Felix in £10m loan deal

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.

Chelsea sign Joao Felix in £10m loan deal

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.