Chelsea has signed Atletico Madrid forward Joao Felix on a season-long loan.

Arsenal and Manchester United were also interested in signing the 23-year-old, but he preferred a transfer to Chelsea.

The Portugal international has also agreed to a one-year contract extension with Atletico until the summer of 2027.

"Chelsea is one of the great teams in the world and I hope to help the team reach their objectives," said Felix.

"I am very, very happy to be here and very excited to play at Stamford Bridge."

When Atletico Madrid paid Benfica £113 million for Felix in 2019, he became the sixth most expensive footballer in history.

He went on to score 34 goals and assist 18 times in 131 games across all competitions.

Felix was a member of Portugal's World Cup team, scoring one goal in five appearances as his nation advanced to the quarterfinals.

Since then, he has appeared twice for Atletico, scoring in a 2-0 victory against Elche on December 29 before playing 73 minutes in a 1-0 loss to Barcelona on Sunday.

Felix has five goals and three assists in 20 appearances for Atletico this season.

He joins Chelsea during the January transfer window, joining Benoit Badiashile, David Datro Fofana, and Andrey Santos. He joins the team 10th in the Premier League, 10 points away of a top-four berth.

They are also out of both cup competitions, having lost 4-0 to Manchester City in the third round of the FA Cup last weekend.

This was the sixth loss in nine games in all competitions for manager Graham Potter, who took over for Thomas Tuchel in September and has the club's board's backing.

Anthony Joshua has chosen a new trainer and will begin training for his April 1 bout next week, as the two-time heavyweight champion looks to rebound from two heartbreaking losses to Oleksandr Usyk.

The 33-year-old hired Robert Garcia as his coach ahead of his rematch with the Ukrainian in August. Despite seeming far more aggressive than in his previous defeat, Joshua chose to replace the legendary Garcia after he lost that fight.

He has been looking for a new trainer, but his promoter, Eddie Hearn, has announced that the British-Nigerian has found one and is in the United States to train.

Hearn thinks Anthony will reveal his new trainer soon and will return to the ring in April.

On The DAZN Boxing Show on Tuesday, Hearn outlined Joshua's goals and the reasons for his relocation to the United States.

“I know who the new trainer is. It’s quite a personal thing really,” he said. “I think it’s for a fighter to announce that, with his new team. I speak a lot, I do a lot of interviews. I’ll speak on his fights.

“He is going to train in America and he is going to start that camp in the next week, he’ll be flying out. So you guys will get the news soon.”

Discussing on the plans for a new fight, he said, “April 1st is our targeted date in London. I’ll go through the final list of opponents. We’re almost ready. He’s excited.

“I’m happy with the trainer. I‘m happy with anyone who makes Joshua feel comfortable, motivated, and excited. I think this is going to be a nice break,” Hearn said.

The promoter said that Joshua feels more comfortable in the US which was the motivation behind the move out of UK.

“The problem is being in the UK, he can’t breathe. When he goes to America, people know he is, but it’s like a different world. I think it’s going to be really good for him. I think you’re going to see a reinvigorated Anthony Joshua,” Hearn said.