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Chelsea sign £54m Neto from Wolves

Chelsea have completed a £54m move for Wolverhampton Wanderers forward Pedro Neto.

The 24-year-old has signed a seven-year deal with the Blues until 2031.

The Portuguese forward was presented to supporters at Stamford Bridge on Sunday at half-time during a friendly against Italian side Inter Milan.

Chelsea struck a deal with Wolves on Friday after having two bids rejected.

The Blues will pay an initial £51.3m for Neto, with a further £2.6m in add-ons.

Neto, who joined Wolves from Lazio in 2019, scored 14 goals in 135 appearances in the west Midlands.