Chelsea have introduced Moises Caicedo, after months of protracted negotiations.
The Ecuadorian midfielder joins the London club from Brighton.
Chelsea paid the full 133 million euros plus bonuses included for Brighton. Caicedo signed in June 2031 with an option to extend until 2032.
The amount of 133 million euros is a record for the Premier League, leaving behind names such as Enzo Fernandez, Declan Rice and Jack Gealish.
Chelsea won the competition with Liverpool, as the latter had also made a very high offer.