Portuguese forward Pedro Neto has completed his transfer from Wolverhampton Wanderers to Chelsea in a deal worth £54 million. The 24-year-old has signed a seven-year contract with the Blues, extending his stay at Stamford Bridge until 2031. Neto was introduced to Chelsea supporters during half-time of their friendly against Inter Milan on Sunday. Expressing his excitement about the move, Neto said, "I feel really grateful to have joined this club. I have worked really hard in my career to be here and I'm looking forward to getting on the pitch with this shirt." The transfer agreement includes an initial payment of £51.3 million, with an additional £2.6 million in potential add-ons. 16-year-old Ghanaian Vincent Mobilla trains with Chelsea Ugochukwu rescues Chelsea in final pre-season game Pedro Neto, who joined Wolves from Lazio in 2019, scored 14 goals in 135 appearances for the club.