Chelsea have completed the signing of Benfica's highly-rated defender David Luiz for a reported sum of £30 million.
As per reports published on Telegraph.co.uk, the West London outfit has agreed to a deal involving cash payment of £25 million and a player worth £5 million in exchange for the Brazilian youngster.
The deal makes it the Blues' biggest signing in the last five years.
Chelsea saw a dip in form, unparalleled by any in the past decade, as a spate of injuries to their top defenders exposed the squad's vulnerability in the back-line. The defending EPL Champions' manager, Carlo Ancelotti, had refused to make any new signings earlier in the season, citing that his squad was perfect.
But then the poor performances forced him to re-think and he declared Luiz as his main priority signing in the winter transfer window.
After having three of their bids rejected, it was being speculated that Chelsea might again miss out on the signing. But with Luiz, Chelsea have established that they are back in business once again.
It is likely that Chelsea will sign the Brazilian on January 26th after a hearing is done on his work permit.
The versatile 23-year-old defender is a very highly-rated youngster, with a host of clubs all over the world interested in his skills. His excellent techniques, combined with brilliant reflexes and good tackling abilities, make him a quality signing for any team.
The signing will see one of Chelsea's youngsters leave, with Slobodan Rajkovic or Nemanja Matic being the most likely candidates. The signing will no doubt bolster Chelsea's frail defense, which has been plagued by injuries to first-team regulars Alex and John Terry throughout the season.
Moreover, Luiz's ability to play comfortably in different positions will add another dimension to Chelsea's defense and their attack.
Hopefully, the official announcement will be made within a few hours as the Blues prepare to welcome their new star at Stamford Bridge with the hopes of an excellent association over the next few years.