News From Spain: ‘Deal Closed’ – Joao Felix to move on loan to Chelsea from Atletico Madrid

Chelsea and Atletico Madrid have reached an agreement for the loan of Portuguese forward Joao Felix until the end of the season, as per Relevo.

Felix, 23 will leave Madrid for Chelsea immediately, and extends his contract with Atletico Madrid by a year until 2027. For the duration of the loan, six months, Chelsea will pay €11.5m as well as covering the his salary. There is no buyout clause in the deal and including the costs of his wages, it will even out as over €15m for the Blues.