Conor Gallagher and Joao Felix: High-Stakes Transfers Reshape Chelsea and Atletico Madrid

England midfielder Conor Gallagher has joined Atletico Madrid from Chelsea in a deal worth 36 million pounds, with Joao Felix moving to Chelsea in return. The transfer was finalized after weeks of negotiations. Gallagher, a product of Chelsea's academy, joins Atletico to help Chelsea meet Premier League financial rules.

England midfielder Conor Gallagher has officially moved to Atletico Madrid in a high-profile transfer valued at 36 million pounds. The deal, finalized on Wednesday, required Joao Felix to move in the opposite direction to Chelsea, ending a prolonged negotiation period.

Hours after Gallagher's transfer was confirmed, Chelsea announced the acquisition of Portuguese forward Joao Felix for a reported fee of 45 million pounds. Felix, who previously joined Atletico Madrid through a 126 million euro buyout clause, expressed his eagerness to return to Chelsea, a club he played for on loan last season.

The deal was almost jeopardized last week but a timely resolution facilitated Gallagher's move. Chelsea continues to transform its squad under American ownership, having spent over $250 million in the current transfer window alone.

(With inputs from agencies.)