Chelsea have signed Brighton midfielder Moises Caicedo for a British-record fee of £115m on an eight-year contract.
There is an option of a further year in Caicedo’s contract and Brighton will have a sell-on clause that has been described as “significant” as part of the deal.
Half of the add-ons have been described as “quite easily achievable”, while the other half are considered “much harder” to achieve.
Caicedo had been expected to travel to Liverpool for a medical on Friday after Jurgen Klopp’s side had a bid accepted by Brighton following a midnight deadline for bids on Thursday.
But the Ecuador international had a change of heart and told Liverpool – who drew 1-1 at Chelsea in their opening Premier League game of the season on Sunday – he did not want to join.
Chelsea are understood to be paying an initial £100m, plus £15m in performance-related add-ons.