Chelsea have struck a verbal agreement to sign Joao Felix on loan from Atletico Madrid, 90min understands.

90min revealed last month that Chelsea, alongside Arsenal and Manchester United, had explored a deal to sign Felix, but Los Rojiblancos’ financial demands threatened to block any move.

However, sources have now confirmed that Atletico have agreed to lower their demands to facilitate a deal with Chelsea, who are expected to pay around €10m to take Felix on loan for the remainder of the campaign.