Chelsea have confirmed the signing of João Félix on a loan deal from Atlético Madrid for the remainder of the season.

Chelsea will pay about €10m (£8.8m) to borrow the Portugal forward, who joined Atlético for €126m from Benfica in July 2019. He has started seven of his club’s 16 league matches this season and arrives at Stamford Bridge with the aim of helping Graham Potter’s side find a way out of the slump that has left them off the pace in the Premier League and out of the FA Cup.

“Chelsea is one of the great teams in the world and I hope to help the team reach their objectives,” said the 23-year-old. “I’m very, very happy to be here and very excited to play at Stamford Bridge”.

Félix has been capped 28 times by Portugal and scored in their 3-2 group victory over Ghana at the World Cup in Qatar.

Atlético have confirmed Felix has extended his contract with the club for one more season, until June 2027. “From Atlético Madrid we wish Joao Félix every success in this new professional stage,” read a statement.