Chelsea have completed the signing of Moises Caicedo from Brighton for an initial £100million, possibly rising to £115m after add-ons.
A deal for the midfielder was finally agreed late on Sunday night after a lengthy saga that saw Brighton knock back three bids for the 21-year-old.
He underwent a medical and agreed personal terms on Monday and has signed an eight-year contract with the club.
Caicedo said: “I am so happy to join Chelsea! I am so excited to be here at this big club and I didn’t have to think twice when Chelsea called me, I just knew I wanted to sign for the club.
“It’s a dream come true to be here and I can’t wait to get started with the team.”
The PA news agency also understands Chelsea have won the race to sign Romeo Lavia from Southampton after the midfielder picked Stamford Bridge over a move to Liverpool
Though a fee is yet to be agreed, the 19-year-old has indicated his desire to join Mauricio Pochettino’s side and negotiations will now take place over personal terms, with the deal likely to be worth in excess of £50million.
It is the second time in less than 24 hours that the club have beaten Liverpool to a key transfer target following Caicedo’s capture.
Belgium international Lavia has played just 29 Premier League games since joining Southampton from Manchester City last summer but was a standout performer last season despite Saints’ relegation to the Championship.
Liverpool had reportedly agreed a deal worth £60m to sign Lavia as Klopp looks to reinforce his midfield following a clutch of departures, but look set to miss out again in an echo of their failure to lure Caicedo, for whom a £111m fee had been agreed before Chelsea stepped in.