Chelsea have acquired midfielder Kiernan Dewsbury-Hall from Leicester City for £30 million.
The 25-year-old Foxes academy graduate has signed a six-year contract, keeping him at Chelsea until 2030.
The transfer was finalized before Sunday’s Premier League profit and sustainability rules (PSR) deadline, aiding Leicester in complying with the financial regulations.
“It is amazing to be sitting here as a Chelsea player,” said Dewsbury-Hall.
“This is a club people grow up watching and hoping to one day play for, so it is a privilege to be here.”
He will reunite with manager Enzo Maresca, who joined Chelsea this summer after winning the Championship title with Leicester last season.
Dewsbury-Hall scored 12 goals and provided 12 assists in 44 league games last season, earning him the titles of Leicester’s player of the season and players’ player of the season.
He is Chelsea’s fourth summer signing, following defender Tosin Adarabioyo’s free transfer from Fulham, midfielder Omari Kellyman’s £19 million move from Aston Villa, and teenage forward Marc Guiu’s £5 million arrival from Barcelona.