Chelsea have completed the signing of Ecuadorian midfielder Moises Caicedo from Brighton.
The 21-year-old moved for a £100m fee that could rise to a British club record of £115, according to BBC.
Liverpool had agreed a £111m deal for the 21-year-old on Friday.
But the player’s preference was Chelsea as they finally succeeded with a bid after having a succession of proposals rejected by Brighton this summer.
Chelsea Agree British Record £115m With Brighton For Moises Caicedo
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In his unveiling video, Caicedo was seen hugging his mum who sat in a car, reminiscent of a picture of him as a young boy wearing a Chelsea shirt.
In the background of the video was a viral song by Nigerian artistes Pheelz and BNXN, Finesse .
The song connotes going all out for what you want regardless of what it costs.
Caicedo, who joined Brighton for £4m in February 2021, has agreed an eight-year contract at Stamford Bridge and the Blues have an option of a further year.
The additional £15m in payments is based mostly on appearances and Brighton expect to receive the entire £115m within a short period of time.
“Moises has proved himself as a standout player in European football over the past 18 months,” said Chelsea co-sporting directors Laurence Stewart and Paul Winstanley in a statement.
Brighton director of football, David Weir, believes Chelsea are signing “one of the top midfielders in the world”.
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 this club, Chelsea. It’s a dream come true to be here and I can’t wait.”