[Source: BBC]

Chelsea have signed Portugal forward Joao Felix from Atletico Madrid for a fee in the region of £45m, with England midfielder Conor Gallagher going the other way for about £33m.

Felix, 24, who has signed a seven-year deal to begin a second spell at Stamford Bridge, scored four goals in 20 appearances during a loan spell in west London in 2023.

Gallagher meanwhile has signed a five-year contract with the Spanish top-flight club.

Gallagher joined Chelsea at the age of six and went on to make 90 appearances, scoring 10 goals.