London - Chelsea's
Oscar said he was looking forward to joining his "new family" on Friday
after Shanghai SIPG sealed terms on what will be China's fifth
Asian-record signing in less than a year.
The 25-year-old Brazil midfielder, snared for a reported £60 million
(70.5 million euros), becomes just the latest top player in his prime
lured to the mega-rich Chinese Super League.
He is due to finalise the deal in Shanghai in the "coming days", said
the Chinese club, which is coached by ex-Tottenham Hotspur manager
"I'm very happy to sign to SIPG. This is an important day for me to
join to my new family in China," Oscar said in a video statement
released by SIPG.
As well as Asia's record signing, Oscar will also become Chelsea's
biggest sale, beating compatriot David Luiz's £50 million move to Paris
Saint Germain in 2014.
Chinese Super League clubs have already splashed out more than $400
million on players this year, after President Xi Jinping laid out a
vision of turning the country into a football power.
Chinese teams broke the Asian record three times in just 10 days in
the January-February transfer window, and moved it still higher when
Brazil's Hulk joined SIPG for €55.8 million in July.
Significantly, Chinese clubs are now competing with European rivals
for world-class players, who are opting for China's astronomical pay
packets over the chance of a career in football's top leagues.
team-mate Ramires 29, and Alex Teixeira, 26, are other highly rated
Brazilians in their twenties to join the Super League for record sums
Other world-renowned players in China include Hulk and Jackson
Martinez, both 30, and Ezequiel Lavezzi and Graziano Pelle, both 31.
According to reports, some of the players are now among the highest paid footballers in the world.
A Chelsea statement said Oscar will join SIPG at the start of the
January transfer window, noting he has won the Premier League, League
Cup and Europa League titles during his four-and-a-half years at the
"Shanghai SIPG has formally completed the transfer agreement of
Brazil football player Oscar with Chelsea," the Chinese club said on its
official social media account.
"Oscar will arrive in Shanghai in the coming days to officially join SIPG."
He has been a target of Shanghai's new manager Villas-Boas since the
Portuguese managed Tottenham Hotspur in the 2012/13 season, but opted to
join Chelsea instead.
Last week Chelsea boss Antonio Conte, when asked to comment on
Oscar's impending transfer, called China's financial muscle "a danger
for all teams in the world".
Chinese state media has also warned of a "bubble" developing in
China's football industry, saying total spending this year had topped $1
Communist Party mouthpiece the People's Daily said 8 billion yuan
($1.15bn) had been spent in 2016, a sum which "far exceeded the
economic value brought to the league".
The breakneck spending shows no sign of slowing, however, with
Argentine forward Carlos Tevez also expected to move to China when the
transfer window opens in January.