The deal, which was agreed on Friday, is broken up into an initial £51.4m payment plus £2.6m in add-ons.The player is understood to be travelling to London for a medical. Neto has also been of interest to Tottenham this summer.With three goals and 11 assists, Neto showed some excellent form for Wolves last season, despite suffering two different hamstring blows in an injury-hit campaign which saw him miss three months of action.
The Portuguese winger, who has been capped 10 times by his country and was named in their Euro 2024 squad, is set to join Cole Palmer, Noni Madueke, Mykhailo Mudryk and Raheem Sterling as wide options ahead of the new season.Neto would become Chelsea’s ninth summer signing – with Kiernan Dewsbury-Hall, Filip Jorgensen, Omari Kellyman, Aaron Anselmino, Renato Veiga, Caleb Wiley, Marc Guiu and Tosin Adarabioyo adding to Enzo Maresca’s squad for the new season.