Caicedo’s deal is a British-record transfer fee, more than the £106.8 million Chelsea paid to sign Enzo Fernadez in January.
The Blues have also had a number of bids rejected for Brighton’s Moises Caicedo, the most recent of which was worth £80m but Brighton value Caicedo...
This comes after sources reported that Chelsea made an offer of £48 million for Southampton midfielder Romeo Lavia who is a top target for Liverpool.