Joao Felix extends Atletico Madrid contract prior to Chelsea move

Atletico Madrid has confirmed that Joao Felix has extended his contract at the club for one season prior to his loan move to Chelsea.

The move to Chelsea was confirmed by the Blues on Wednesday, with Atleti then confirming that they agreed an extension before the move. 90min understands that the Blues will pay roughly €10m in order to take the Portugal forward on loan for the rest of the 2022/23 season, but there will be no option to buy in the summer.

The Atletico Madrid statement on the move read: "The Portuguese attacker, who has extended his contract with our club for one more season, undertakes a new professional challenge in the Premier League.

Daniel Childs reacts to the latest Chelsea news as Joao Felix loan from Atletico Madrid is finalised, will it cost Chelsea in long-term? Also the Blues risk missing out on Borussia Dortmund forward Youssafa Moukoku to Newcastle United. If you can't see this embed, click here to listen to the podcast!

"Atlético de Madrid and Chelsea have reached an agreement for the loan of João Félix until the end of this season. Likewise, the Portuguese striker has extended his relationship with our club for one more season, until June 2027."

Speaking to to Chelsea's website after making the loan move, Felix said: "Chelsea is one of the great teams in the world and I hope to help the team reach their objectives, so I am very, very happy to be here and very excited to play at Stamford Bridge."