Chelsea has signed Atletico Madrid forward Joao Felix after Conor Gallagher moved the other way.
The 24-year-old Portugal international Felix spent last season on loan at Barcelona but has already played on loan for Chelsea in the second half of the 2023/24 season.
He previously had a loan spell at Stamford Bridge in the second half of the 2022/23 season, making 20 appearances and scoring four goals.
In recent years Felix’s relationship with Atletico manager Diego Simeone deteriorated and he had been expected to leave this summer.
“It’s a chance for me to find a home,” Felix told the club website.
“After two loans, Chelsea and Barca, I needed to stay permanently in one place. There is no better place for me to be than Chelsea. I see a perfect place to shine.
“It was a little bit of a lot of things that made me want to come back: the project, the club, the league, the fans, the time I spent here that I loved. I felt really good when I was here, despite the results we had. I’m really happy to be back.
“I feel like my best years are ahead of me. I have no doubt about that. The best years are still to come. And this year is going to be a good year, because now I am permanently at home, and I can enjoy home.”