Shanghai: Chelsea's Oscar is set to smash the Asian transfer record with a big-money move to Shanghai SIPG after the clubs agreed terms on a reported 70.5 million euros deal on Friday.
The 25-year-old Brazil midfielder is due in the Chinese city "in the coming days" to complete the signing, which was announced by both Shanghai SIPG and Chelsea.
"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 become China's fifth Asian-record signing in less than a year as Chinese Super League clubs, encouraged by the football ambitions of President Xi Jinping, splash out on top players and coaches.
Oscar will also become Chelsea's most lucrative sale, beating compatriot David Luiz's £50 million (58.7 million euros) move to Paris Saint Germain in 2014.
His transfer to China follows that of Chelsea's former Brazilian Ramires, who joined Jiangsu Suning for £20 million in January.
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