For the Portuguese it will be a loan until the end of the season.
From the publisher
chelsea never sits idly by during the transfer period. Three recruits have already been announced by the English club, and a fourth appears very close to arriving in London. According to The Athletic, Joao Felix will continue the season with the Blues.
The Alético Madrid and Chelsea midfielder has reached a verbal agreement for a loan, the amount of which would be around 11 million euros, lower than the Colchoneros’ expectations. Manchester United and Arsenal were also in the running to offer the Portuguese, but the latter was more attracted by the Blues project.
The Spanish press confirms this information, stating that there will be no purchase option and that Atlético would first like to renew Felix before finalizing the loan.