Chelsea complete Joao Felix signing from Atletico while Conor Gallagher moves to Atletico.

Chelsea have completed the signing of Joao Felix from Atletico Madrid in a deal worth £46.3m, while Conor Gallagher has moved in the opposite direction for £36m.

The Blues have paid a £42m fixed fee for Felix, plus £4.3m in add-ons, while the Portugal international has signed a seven-year contract at Stamford Bridge.

The 24-year-old returns to Chelsea on a permanent deal having spent six months on loan during the second half of the 2022/23 season, scoring four goals in 16 Premier League appearances.