Chelsea Transfer News: Blues Wise to Nab Oscar and Continue Summer Spending

Chelsea has made some bold moves this summer and has shown no signs of slowing down. The winners of the 2012 EUFA Champions League title have just landed Oscar, a Brazilian playmaker, for £25 million.

According to Simon Jones of The Daily Mail, the Blues beat the Tottenham Hotspur and former manager Andres Villas-Boas in the race to sign Oscar.

Tottenham's new boss thought he was in a strong position to land 20-year-old Oscar after making an offer last week.

It was reported the bid was £11 million, but sources in South America say it was much higher than that—a club-record offer closer to £18 million.

Chelsea easily trumped the offer and added yet another youthful piece to a roster that is looking much improved for the upcoming season.

This acquisition comes on the heels of the side’s earlier transfers, which include a combined £42 million allocated to German winger Marko Marin and Belgian midfielder Eden Hazard.

Oscar, perhaps lesser known as Oscar dos Santos Emboaba Junior, is a 20-year-old attacking mid that burst onto the scene with a hat trick against Portugal in the 2011 U-20 World Cup Finals.

He’s been capped by the senior national team six times and has one goal. Oscar has also played at the club level for Sao Paulo sparingly.

With so much funding from owner Roman Abramovich allocated to this young and exciting core of players, it’s extremely likely that manager Roberto Di Matteo finds time for them on the pitch at Stamford Bridge.

While defense proved to be the catalyst for Chelsea’s success in the Champions League last season, the side has gotten much younger and improved their attack tremendously with their summer transfers.

It’ll be interesting to see if the Blues can find the same success and perhaps more in 2012-13.