Neto

Chelsea Land Pedro Neto in £54m Deal as Summer Spending Hits £185m

Neto’s Big Move to Stamford Bridge

Chelsea have completed the signing of Pedro Neto from Wolverhampton Wanderers for a substantial £54 million fee. The 24-year-old Portuguese winger has committed to a seven-year contract, keeping him at Stamford Bridge until 2031. Neto was introduced to Chelsea fans during the half-time break of a friendly against Inter Milan, marking the beginning of his journey with the Blues.

Neto’s Enthusiasm and Wolves’ Record Sale

Expressing his excitement about the move, Neto said, “I feel really grateful to have joined this club. I have worked really hard in my career to be here and I’m looking forward to getting on the pitch with this shirt.” His transfer to Chelsea follows a successful period at Wolves, where he scored 14 goals in 135 appearances since joining from Lazio in 2019.

Neto’s transfer fee sets a new record for Wolves, surpassing the £47 million received for Ruben Neves from Al-Hilal in 2023. The deal includes an initial payment of £51.3 million, with an additional £2.6 million in potential add-ons, highlighting Chelsea’s confidence in Neto’s future impact.

Chelsea’s Summer Spending Surge

Neto’s signing pushes Chelsea’s summer transfer expenditure to around £185 million as they continue to strengthen their squad. The Blues have already brought in players like Kiernan Dewsbury-Hall, Renato Veiga, and Marc Guiu. With further targets, including Atletico Madrid’s Samu Omorodion and Genk’s Mike Penders, Chelsea’s ambitions for the upcoming season are unmistakable.

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