Chelsea’s summer spending spree continued on Wednesday with the club signing England left-back Ben Chilwell from Leicester City for a reported transfer fee of £50 million.

“I am delighted to be joining Chelsea at this very exciting time for the club,” the 23-year-old Chilwell said in a statement. “I’m looking forward to being a part of this young, dynamic squad led by Frank Lampard as we challenge for honours next season.

I can’t wait to get started and hopefully it won’t be long before we’re playing in front of the Chelsea fans at Stamford Bridge.”

A native of Milton Keynes, Chilwell is a product of the Foxes’ academy.

He made 123 appearances for the first team across all competitions over the past five seasons.

Last year, he made 27 league appearances and scored three goals.

Chilwell becomes the club’s third major addition of the offseason, joining Morocco winger Hakim Ziyech and Germany forward Timo Werner.

The club is also expected to announce the signing of veteran Brazil defender Thiago Silva from Paris Saint-Germain on a free transfer in the coming days and continue to work on a transfer for Germany winger Kai Havertz from Bayer Leverkusen.

Meanwhile, it’s looking more clearer that Brazilian international Emerson Palmieri will be the one to leave Stamford bridge as Italia Serie A side Inter Milan continued to press for his signature.