Chelsea Confirm Signing Of €40m Costa On Five-Year Contract

By on July 15, 2014

The summer transfer window is now open for business and it’s expected to be a busy few weeks as managers strengthen their squads ahead of next season, so we’ll bring you all the latest news and gossip. Today, Chelsea complete the signing of Diego Costa.

Diego-Costa-Atletico Madrid

Chelsea have completed the signing of Spanish striker Diego Costa from Atletico Madrid on a five-year deal, the club have confirmed this evening.

Costa was strongly linked with a move to Stamford Bridge over the past 12 months and the Blues announced two weeks ago that they had agreed to meet the strikers €40m (£32m) buy-out clause and he would join the club subject to a medical and agreeing personal terms.

It now appears those formalities have been completed as it’s been confirmed on Chelseafc.com this evening that Costa is now officially a Chelsea player after signing a five-year deal. A statement read:

Chelsea Football Club is delighted to announce Diego Costa has today completed his transfer from Atletico Madrid by signing a five-year contract.

The Spaniard is now due to meet up with his new team mates at their pre-season European training camp next week and he’s expressed his delight at completing his move to west London. The striker told the clubs website that he’s excited to get started on his new adventure and win ‘many trophies’ during his time with Chelsea.

‘I am very happy to sign for Chelsea. Everybody knows it is a big club in a very competitive league, and I am very excited to get started in England with a fantastic coach and team-mates. Having played against Chelsea last season I know the high quality of the squad I am joining.

‘I would like to thank everybody at Atletico who made me into the player I am, it was an incredible time for me, but now I am starting a new adventure and I hope to win many trophies with Chelsea.’

Although Chelsea don’t disclose the exact fee, it’s widely acknowledged in the media that the strikers buy-0ut figure was set at €40m (£32m), which is a very reasonable price for a player of Costa’s quality in today’s over-inflated market.

The 25-year-old established himself as one of Europe’s most deadly finishers last season after a sensational year that saw him score 36 goals in 52 appearances to help Atletico land the La Liga title and make it all the way to the final of the Champions League.

READ MORE –> Chelsea transfer news

Costa is now expected to spearhead a lethal attack next season in front of the likes of Eden Hazard, Oscar, Willian and of course fellow new signing, Cesc Fabregas, so it’s little wonder that Chelsea are many people’s early favourites to lift the Premier League title.

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