Chelsea completed the signing of Ecuador midfielder Moises Caicedo on Monday for a reported Premier League record fee of up to 115 million pounds.
The Blues said the 21-year-old has agreed an eight-year contract at Stamford Bridge, with a club option for a further year, after Chelsea beat off competition from Liverpool for his signature.
It is the second time Chelsea have broken the British transfer record in seven months after spending £107 million on Enzo Fernandez in January.
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