Chelsea have now splashed a league-topping £285.9m this summer and Caicedo becomes the club’s 10th signing of the window, having also signed Christopher Nkunku (£52m), Axel Disasi (£38.8m), Nicolas Jackson (£32m), Robert Sanchez (£25m), Lesley Ugochukwu (£23.1m), Angelo Gabriel, Ishe Samuels-Smith, Diego Moreira and Alex Matos (all undisclosed).

Chelsea signings this summer

Last season, the Blues splashed a record-breaking £601.7m across both transfer windows on new signings and only recouped £61m from player sales – but the club has balanced the books so far this season.

Mauricio Pochettino’s side have cashed in £232.3m in this window, selling Kai Havertz (£65m), Mason Mount (£60m), Mateo Kovacic (£30m), Christian Pulisic (£18.8m), Ruben Loftus-Cheek (£18.5m), Kalidou Koulibaly (£17m), Edouard Mendy (£16m) and Ethan Ampadu (£7m).

Chelsea departures this summer

As it stands, all those deals place Chelsea ninth in the table for net spend.

Transfer spending this summer

Premier League clubs