Chelsea have completed a £54m deal to sign Pedro Neto from Wolves. The payments are broken up into an initial £51.4m plus £2.

6m in add-ons , with the forward signing a seven-year deal. Neto was paraded at half time at Stamford Bridge during Sunday's pre-season friendly with Inter Milan. "I feel really grateful to have joined this club," said the 24-year-old.

"I have worked really hard in my career to be here and I'm looking forward to getting on the pitch with this shirt." A Wolves statement said it was "the right deal at the right time" for the club and that work "on options and targets" to replace Neto was ongoing. With three goals and 11 assists, Neto - who was also of interest to Tottenham this summer - showed some excellent form for Wolves last season, despite suffering two different hamstring injuries and missing three months of action.

Trending The Portuguese winger, who has been capped 10 times by his country and was named in their Euro 2024 squad, joins Cole Palmer, Noni Madueke, Mykhailo Mudryk and Raheem Sterling as wide options ahead of the new season. Neto is Chelsea's 10th summer signing - with Kiernan Dewsbury-Hall , Filip Jorgensen , Omari Kellyman , Aaron Anselmino , Renato Veiga , Caleb Wiley , Marc Guiu and Tosin Adarabioyo adding to Enzo Maresca's squad for the new season. A deal has also been done for Palmeiras teenager Estevao Willian, who will not arrive until next summer.

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