Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (2024)

Pedro Neto has passed a medical ahead of a £54m move to Chelsea from Wolves.

The deal, which was agreed on Friday, is broken up into an initial £51.4m payment plus £2.6m in add-ons.

Personal terms have already been agreed in principle and Neto will sign a six-year contract plus the option for one more year.

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Man City and Spurs were also interested in the Wolves winger who is set to be introduced at Stamford Bridge on Sunday, with Chelsea hosting Inter in a pre-season friendly.

With three goals and 11 assists, Neto showed some excellent form for Wolves last season, despite suffering two different hamstring issues in an injury-hit campaign which saw him miss three months of action.

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The Portugal international, who has been capped 10 times by his country and was named in their Euro 2024 squad, is set to join Cole Palmer, Noni Madueke, Mykhailo Mudryk and Raheem Sterling as wide options ahead of the new season, although Sterling has been linked with Italian side Juventus.

Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (1)

Neto is set to become Chelsea's ninth summer signing - with Kiernan Dewsbury-Hall, Filip Jorgensen, Omari Kellyman, Aaron Anselmino, Renato Veiga, Caleb Wiley, Marc Guiu and Tosin Adarabioyo adding to Enzo Maresca's squad for the new season.

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The Blues are also set to sign Atletico Madrid striker Samu Omorodion in a £34.5m deal, with midfielder Conor Gallagher set to move in the opposite direction in a separate £36m transfer.

Chelsea have also held an interest in Celtic midfielder Matt O'Riley as a potential replacement for Gallagher.

Why are Chelsea going for Neto?

Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (2)

Sky Sports' Sam Blitz:

If Maresca is going to build his Chelsea team in a similar mould to Pep Guardiola at Man City and Mikel Arteta at Arsenal, then Neto is a must-buy.

Both Guardiola and Arteta rely on "one-on-one explorers" down the flanks - Bukayo Saka, Jeremy Doku, Gabriel Martinelli and Jack Grealish spring to mind - and even over an injury-hit spell at Wolves, Neto has proven to be one of the best-attacking wingers in the Premier League in individual running battles.

Last season, Gary O'Neil took the shackles off Neto. "Don't turn it down, let's go every single time. Don't care if you lose it, test him. Let's go," said O'Neil last season when asked about his individual instructions to the Portuguese winger.

And Neto obliged. The 24-year-old was constantly involved in one-on-one battles last season but most crucially, there was end product too. Only Kevin De Bruyne averaged more assists per 90 minutes than Neto, who has the luxury of being equally effective on either flank.

With Mudryk, Madueke and Sterling also capable of one-on-one effectiveness, Chelsea look like they have an array of wingers to complement the aggressive style of play Maresca wants.

Miserable pre-season and 44 players - Maresca's problems stack up

Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (3)

The approach of a new Premier League season often brings hope, optimism and excitement. But in Chelsea's case, is it already time to worry?

It may only be pre-season but just one win from their five friendlies in the USA will not have been the start Maresca, preparing for his first campaign as a top-flight head coach, was searching for.

The Italian named strong sides in those games yet saw his new team concede 12 goals. The visit of Inter Milan - the runaway Serie A winners last season - in Chelsea's final pre-season match on Sunday is a daunting prospect.

After guiding Leicester to the Championship title in his only full season as a head coach, Maresca has been thrown into the deep end at Stamford Bridge.

The performances have been as disappointing as the results, with Chelsea's haphazard attempts to build play from the back contributing to a number of their opponents' goals.

Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (4)

Off the pitch, Maresca had to reintegrate Enzo Fernandez into Chelsea's dressing room following the racist video he posted on social media, while fans' favourite Gallagher is headed for the exit door as the Blues' sporting directors continue their youth-orientated overhaul of the squad.

Yet another busy summer means Chelsea's own website lists 44 players among their first-team squad. But if Maresca is hoping for some respite after a tumultuous pre-season, he'll be disappointed - Manchester City are the opponents for their Premier League opener, live on Sky Sports on August 18.

But who will be part of the squad to face the champions? Sky Sports tries to provide some clarity - and you can cast your vote too...

Read Joe Shread's full feature and have your say on the Chelsea squad here.

When does the summer transfer window open and close?

The 2024 summer transfer window officially closes on August 30 at 11pm UK time in the Premier League and 11.30pm in Scotland.

The Premier League has brought forward Deadline Day to link up with the other major leagues in Europe. The closing dates were set following discussions with the leagues in England, Germany, Italy, Spain and France.

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Pedro Neto: Chelsea agree £54m deal with Wolves to sign Portuguese winger also wanted by Tottenham and Man City (2024)

FAQs

How much did Chelsea pay for Pedro Neto? ›

Chelsea have completed a £54m deal to sign Pedro Neto from Wolves. The payments are broken up into an initial £51.4m plus £2.6m in add-ons, with the forward signing a seven-year deal. Neto was paraded at half time at Stamford Bridge during Sunday's pre-season friendly with Inter Milan.

Has Chelsea signed Neto? ›

Pedro Neto (No. 19) Right winger, Portugal

Neto had no preseason with Chelsea, but Maresca made it clear that he was fit to play and could feature against Man City, and he did. Neto is Chelsea's marquee signing of the summer window, arriving from Wolverhampton Wanderers for €60m.

What position does Neto play at the Wolves? ›

Pedro Neto is a professional footballer from Portugal who plays as a Left Midfielder (LM) for Wolves.

How much did Barca pay for Pedro? ›

Transfer fee for move to FC Barcelona including all contract options that have now been triggered. The basic fee was 5 million euros.

How much did Chelsea buy Pedro? ›

Chelsea have signed Pedro Neto from Wolves on a seven-year contract for a fee of £54m.

Who has Chelsea signed? ›

Pedro Neto joined Chelsea in a £54 million ($69.6m) deal from Wolves on Monday, following Tosin Adarabioyo, Kiernan Dewsbury-Hall, Filip Jörgensen, Omari Kellyman, Aaron Anselmino, Caleb Wiley, Renato Veiga and Marc Guiu into west London while Estêvão Willian will join the club in 2025.

Which Russian player played for Chelsea? ›

Yury Zhirkov was the second Russian to sign for Chelsea in our history, after Alexey Smertin, when he arrived from CSKA Moscow in the summer of 2009. The left-sided player had starred at the European Championships 12 months earlier as an exciting Russian side reached the semi-finals.

Which defender has Chelsea signed? ›

Chelsea new signings 2024

Central defender Adarabioyo has joined on a free transfer from our west London neighbours Fulham. He has signed a four-year deal having started his career at Manchester City.

Is Pedro Neto a right or left winger? ›

The predominantly left-footed winger often operates from the right, and Chelsea already boast considerable depth on both flanks. Neto will be competing for a place with players such as Cole Palmer, Raheem Sterling, Noni Madueke and Mykhailo Mudryk.

Has Pedro Neto left the Wolves? ›

Chelsea agree £54m deal for Wolves winger Neto

The Portugal winger will have a medical before finalising a move to Stamford Bridge that will take Chelsea's summer spending past £200m.

How much did Neto cost Wolves? ›

Chelsea have agreed a fee in the region of £54m to sign Portugal winger Pedro Neto from Wolves.

How much did Chelsea pay for Felix loan? ›

The Blues have beaten Premier League rivals Manchester United and Arsenal to the signing of the Portugal forward, with neither side willing to pay the €11m (£9.69m) loan fee plus wages.

How much did Chelsea pay for Kai? ›

Havertz to Chelsea Transfer Fee

However, considering the available evidence and the authority of the many outlets we have considered, we believe the fee to be between £71m and £85m, including all add-ons.

How much did the current Chelsea squad cost? ›

Chelsea, who aren't far behind with a squad cost totalling £978million, have also suffered a slow start to the season after their dismal 2022-23 campaign, offer another argument that it's not what you spend, it's how you spend it.

How much is Chelsea co owner worth? ›

He is also the interim CEO of the Hollywood Foreign Press Association and co-controlling owner and chairman of Premier League football club Chelsea, and co-owner of Ligue 1 football club Strasbourg under BlueCo. As of 2024, Bloomberg Billionaires Index estimates his net worth at US$7.2 billion.

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