Caicedo completes British-record £115m move to Chelsea

Chelsea have signed Brighton midfielder Moises Caicedo for a British-record fee of £115m on an eight-year contract.

Chelsea are understood to be paying an initial £100m, plus £15m in performance-related add-ons.

There is an option of a further year in Caicedo's contract and Brighton will have a sell-on clause that has been described as "significant" as part of the deal.

Half of the add-ons have been described as "quite easily achievable", while the other half are considered "much harder" to achieve.

Liverpool agreed a £111m deal to sign Caicedo last week but the move fell through when the 21-year-old informed the club he intended to join Chelsea.

Caicedo had been expected to travel to Liverpool for a medical on Friday after Jurgen Klopp's side had a bid accepted by Brighton following a midnight deadline for bids on Thursday