Chelsea Signs Fabregas From Barcelona After Lampard Exit

Chelsea agreed to sign Cesc Fabregas from Barcelona a week after fellow midfielder Frank Lampard said he was leaving the west London club after 13 years.

Fabregas, 27, agreed to a five-year contract, Chelsea said on its website, without divulging financial terms. The Spaniard will earn almost 200,000 pounds ($340,000) a week and joins on a 27 million-pound transfer fee, the Daily Telegraph reported, without revealing where it got the information.

Fabregas, who played for north London’s Arsenal from 2003 to 2011, is currently with Spain at the World Cup in Brazil.

“I do feel I have unfinished business in the Premier League and now is the right time to return,” Fabregas told Chelsea’s website.

Spanish television broadcast a conversation between Gerard Pique and Spain coach Vicente del Bosque before a news conference last week in which the Barcelona defender said Fabregas “was going for 33 million,” without mentioning the currency of the deal.

Pique, who had thought the TV microphones were off, didn’t mention Chelsea.

Before it's here, it's on the Bloomberg Terminal.