The Portugal international was seen earlier this afternoon at Stamford Bridge prior to their preseason match against Inter Milan.
Then, after a thunderous cheer from the spectators, Chelsea made Neto’s introduction in front of them at their home stadium during halftime.
After wearing Chelsea colors for the first time, Neto waved and applauded to the supporters at Stamford Bridge. Despite battling chronic ailments in the last campaign, the 24-year-old is thought to be Wolves’ greatest player and was included in Portugal’s team for the European Championship in Germ
Pedro Neto has been confirmed as a Chelsea player as he joins from Wolves for £54m
Neto was pictured at Stamford Bridge moments before kick-off in their pre-season friendly
Neto was unveiled at half-time before the news went online at half-time of their match
Neto is in attendance for Chelsea’s final pre-season friendly against Inter Milan
His arrival continues the trend of chaotic spending by co-owner Todd Boehly who has forked out over £1billion on new players since taking over the club two-years previous.
With the deal completed, Chelsea’s summer spending has now gone up to a whopping £199m.
Chelsea initially had two bids rejected for Neto who scored just three goals in 24 appearances across all competitions or Wolves last season.
The Molineux-based side have since agreed to let their star player leave for Chelsea after accepting an initial £51.4m with the rest of the fee being made up in subsequent add-ons.
Neto’s recent injury record gives some cause for concern with the Portuguese talent suffering two similar hamstring injuries last season that saw him miss over 100 days of competitive football before returning towards the end of the season.
Wolves boss Gary O’Neil has been keen to keep hold of his best players with the new Premier League campaign getting underway in just five days time when Man United host Fulham.
However, Neto’s departure could pave the way for further incomings as Wolves look to secure their Premier League status for another season.
Meanwhile, his arrival in London will make him Chelsea’s ninth signing of the summer transfer window as the club attempts to bounce-back from a disappointing previous season Neto could find himself facing his soon-to-be former team in a couple of weeks when Wolves host Chelsea on August 25.
Chelsea meanwhile kick off their league campaign with a tricky home clash against Manchester City next Sunday.
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