Atlético Madrid have completed the signing of midfielder Conor Gallagher from Chelsea in a deal worth around €40 million ($44m), the LaLiga side announced on Wednesday.
The transfer had looked in jeopardy after Atlético forward Samu Omorodion 's move in the opposite direction fell through .
Gallagher spent five days in Madrid earlier this month -- with Atlético confirming that he was at their Metropolitano Stadium, as his signing was being finalised -- but was forced to return to the UK after Omorodion's transfer collapsed.
After a week of talks, Chelsea agreed a deal to sign João Félix from Atlético instead, allowing Gallagher's transfer to be completed. He has signed a contract until 2029.
Gallagher said a personal goodbye to Chelsea in a post on social media.
He said: "To everyone at Chelsea, thank you for making my dreams come true. It's been an absolute honour every time I put on the shirt, and it was a dream come true to captain the team on many occasions.
"I loved every moment. These memories will last forever. I appreciate all the love and support from the fans. Hearing the chant of my name at the Bridge is a special feeling, and the banner you displayed meant the world to me. Thank you for everything. I wish the club all the best for the future, and I hope to see you all soon at Stamford Bridge!"
Sources told ESPN that the England midfielder rejected a new contract offer to stay at Stamford Bridge. Chelsea's last proposal to Gallagher was a two-year deal with an option for a third season and included a significant pay rise.
The 24-year-old had previously turned down a move to Aston Villa while Tottenham had also been monitoring his situation for several months.
Gallagher came through Chelsea's academy and established himself in the first team after a successful loan to Crystal Palace in the 2021-22 season.
He played 136 games in the Premier League, scoring 18 goals and providing 13 assists.
Atlético have had a busy summer in the transfer market, also signing defender Robin Le Normand and forwards Alexander Sorloth and Julián Álvarez .
Information from ESPN's James Olley, Rodrigo Faez and Alex Kirkland contributed to this report.
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