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The Chelsea Blues have secured a British record fee to obtain the services of former Brighton & Hove Albion defensive midfielder Moises Caicedo.
Caicedo will sign a record £115 million ($146 million) that runs until the summer of 2031. His contract also has an option until 2032, per The Guardian's Fabrizio Romano.
BREAKING: Moisés Caicedo to Chelsea, here we go! Agreement reached and sealed right now — it’s gonna British record transfer fee 🚨🔵🇪🇨 #CFC
£115m fee plus sell-on clause included for Brighton.
Medical tests, booked.
Caicedo will sign until June 2031 with option until 2032. pic.twitter.com/7O8whsRLdK
— Fabrizio Romano (@FabrizioRomano) August 13, 2023
The Blues outbid their English Premier League rivals, the Liverpool Reds, for the 21-year-old Ecuadorian. Chelsea bid £110 million ($139 million) for Caicedo, who reportedly prefers to play for them than Liverpool.
Moises Caicedo's transfer fee is a far cry from the £72 million ($92 million) the Blues offered him on July 17. The latest transfer fee represents a whopping 60 percent increase from the original contract Chelsea offered the prized midfielder. Chelsea will pay Caicedo £100 million in guaranteed money. The remaining £15 million are add-ons.
Moises Caicedo's transfer is just the tip of the iceberg for Chelsea
Chelsea owner Todd Boehly has gone on a spending spree in the months leading up to Mauricio Pochettino's first year as club manager. Boehly dangled a £106.8 million contract to former Benfica midfielder Enzo Fernandez seven months ago. The Blues have been keen on a Fernandez-Caicedo duo at midfield.
Chelsea wants to fortify its midfield further with the potential addition of Southampton's Romeo Lavia. The two sides are reportedly nearing a £55 million ($69 million) deal. The Blues want to offset the departures of midfielders Mateo Kovacic, Mason Mount, Ruben Loftus-Cheek, and N'Golo Kante with their new additions.
Apparently, Pochettino and his club aren't done making big-name signings.
“For sure we are going to improve the squad. It is about finding the right profile, the right player to create a combination maybe where we are more solid,” the Chelsea boss said on Sunday.
The Blues have never finished higher than third since winning the Premier League trophy following the 2016-17 season. Chelsea finished a disappointing 12th with an 11-11-16 record last year.
Chelsea fans hope the addition of Moises Caicedo will help them turn things around in the 2023-24 season.
