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Article continues belowArticle continues belowArticle continues below<script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script><ul><li>Forward joins on long-term contract</li><li>Another attacking option for the Blues</li><li>Boehly and Co continue to spend</li></ul>

Another one! Chelsea confirm £54m Pedro Neto transfer as Portuguese winger joins ever-expanding squad at Stamford Bridge

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The Blues continue to invest heavily under chairman Todd Boehly, with <a href="https://www.goal.com/en-gb/lists/chelsea-easier-transfer-advice-1-billion-spend-gary-cahill-big-business-todd-boehly/blteefe99b3dc97f67c" target="_blank">well over £1 billion ($1.3bn) being splashed out</a> since a takeover in west London was completed. There is no sign of transfer business slowing down despite the <a href="https://www.goal.com/en-gb/lists/ludicrous-unfair-premier-league-rule-makers-blasted-ffp-man-city-chelsea-tipped-escape-extreme-punishments/blt22063ee3a3c8a204" target="_blank">threat of penalties for breaching Financial Fair Play (FFP)</a> and Profit and Sustainability Rules (PSR).

WHAT HAPPENED?

Portugal international Neto has become the <a href="https://www.goal.com/en/lists/completed-chelsea-transfers-2024-25/blt2611fdaeaefac651" target="_blank">latest big-money addition at Chelsea</a>, with the 24-year-old winger being prised away from Premier League rivals. The talented forward endured injury issues during his time at Molineux, but is a proven performer in the English top-flight.<center><blockquote class="twitter-tweet">Ready to make his mark in Blue. Welcome to Chelsea, Pedro Neto! 🔵 <a href="https://t.co/XdJvsrdlH5">pic.twitter.com/XdJvsrdlH5</a>— Chelsea FC (@ChelseaFC) <a href="https://twitter.com/ChelseaFC/status/1822646654992027915?ref_src=twsrc%5Etfw">August 11, 2024</a></blockquote>
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THE BIGGER PICTURE

Neto has told Chelsea's <a href="https://www.chelseafc.com/en/news/article/chelsea-complete-pedro-neto-signing" target="_blank">official website</a> of embracing a new challenge: " 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."

WHAT NETO SAID

Neto joined Wolves in 2019 and took in 135 appearances across five seasons, scoring 14 goals. He becomes another attacking option for Chelsea boss Enzo Maresca, who already has the likes of Raheem Sterling, Mykhailo Mudryk, Noni Madueke, Christopher Nkunku and Cole Palmer at his disposal.

WHAT NEXT?

Another one! Chelsea confirm £54m Pedro Neto transfer as Portuguese winger joins ever-expanding squad at Stamford Bridge | Goal.com

Chelsea have confirmed the £54m ($69m) signing of Pedro Neto from Wolves, with the Portuguese joining an ever-expanding squad at Stamford Bridge.