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Pedro Neto has 10 caps for Portugal Chelsea have completed a £54m move for Wolverhampton Wanderers forward Pedro Neto. The 24-year-old has signed a seven-year deal with the Blues until 2031. The Portuguese forward was presented to supporters at Stamford Bridge on Sunday at half-time during a friendly against Italian side Inter Milan. "I feel really grateful to have joined this club, " said Neto. "I have worked really hard in my career to be here and I’m looking forward to getting on the pitch with this shirt. " Chelsea struck a deal with Wolves on Friday after having two bids rejected. The Blues will pay an initial £51. 3m for Neto, with a further £2. 6m in add-ons. Twelve signings for £243m - what is going on at Chelsea? Neto, who joined Wolves from Lazio in 2019, scored 14 goals in 135 appearances in the west Midlands. The transfer is a record sale for Wolves, eclipsing the £47m they received from Saudi Arabia's Al-Hilal in 2023 for Ruben Neves. Neto's arrival takes Chelsea's summer spending to around £185m. Midfielders Kiernan Dewsbury-Hall, Renato Veiga and Omari Kellyman, goalkeeper Filip Jorgensen, defenders Tosin Adarabioyo, Aaron Anselmino and Caleb Wiley, winger Estevao Willian and striker Marc Guiu have all joined so far. The club hope to add Atletico Madrid forward Samu Omorodion and Genk goalkeeper Mike Penders in the coming days. Neto was presented to supporters at half-time at Stamford Bridge Latest Chelsea news, analysis and fan views Get Chelsea news sent straight to your phone Comments can not be loaded To load Comments you need to enable Java Script in your browser Premier League 'ours to lose', says Man City's Walker The rise and fall of North Korea - the sleeping giant of women's football Sprinter set to be first transgender Paralympian How the US responds to conflicts Gain a rare insight into the workings of the White House's inner sanctum Can Lyra save the world from the mysterious Dust? Star-studded adaptation of Philip Pullman's fantasy trilogy Powerful biographical drama about Brian Wilson. Video Powerful biographical drama about Brian Wilson A music genius's struggles at the height of The Beach Boys' success To know a criminal's mind, get closer to murder A brilliant young doctor takes on mysterious cases in bohemian Vienna Remarkable images from the Paris Olympics Watch the BBC's Paris 2024 closing montage. Video Watch the BBC's Paris 2024 closing montage How did Team GB win their Olympic medals? Paris Olympics: The best stats from the 2024 Games Academy stars & signings - who are the youngsters to watch? Ten viral moments from the Paris Olympics The key moments in Newcastle's uncertain summer Paris 2024 medal table The key questions for sport after boxing eligibility row Denise Lewis' best moments on the BBC. Video Denise Lewis' best moments on the BBC The Hollywood Olympics: All you need to know about Los Angeles 2028 Kenya's Wanyonyi wins gold after dramatic finish in the 800m final. Video Kenya's Wanyonyi wins gold after dramatic finish in the 800m final Man City beat Man Utd on penalties to win Community Shield. Video Man City beat Man Utd on penalties to win Community Shield Prepare for 'Carsball' - what to expect from Carsley's England Snoop Dogg goes for a swim with Michael Phelps. Video Snoop Dogg goes for a swim with Michael Phelps An unwanted sale - so why have Man City let Alvarez leave? Oh no! Mexico's Vazquez Montana scores no points after 'disastrous dive' Video Oh no! Mexico's Vazquez Montana scores no points after 'disastrous dive' Who were Team GB's medal winners at Paris 2024? © 2024 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.