Chelsea could pay up to €60m for Joao Felix as Atletico Madrid spell comes to an end

Chelsea and Atletico Madrid have reached an agreement for Joao Felix, according to multiple sources, and it’s going to be a bittersweet deal for Los Rojiblancos.

The 24-year-old arrived at the club as their record signing in 2019, five years ago, as their record signing from Benfica, costing them €127m. Los Colchoneros will get less than half of that back when he completes his move to Chelsea, where he will sign a six-year deal with an option for a seventh. He will reduce his salary to help the deal through too.

https://twitter.com/atletiuniverse/status/1825582428104396872

As per Diario AS, the deal will cost Chelsea €50m, with a further €10m in variables, making the total possible fee around €60m. Felix is expected to travel to London on Tuesday to undergo a medical and complete the move. Meanwhile Conor Gallagher will travel to Madrid on Tuesday too, for a second time. He will complete a €42m move in the other direction.

Atletico will likely have ammortised at least half of his original transfer fee, meaning at a minimum, Felix will cease to be a drain on their finances. In addition, after an underwhelming year at Barcelona, making at least €50m on a forward that has never scored more than eight La Liga goals in a season could be considered good negotiating.

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