Roman Abramovich hires his fourth full-time manager during his Stamford Bridge reign and in doing so pays £13.2m sum to release him from his Porto contract
Chelsea have confirmed the appointment of Andre Villas-Boas as their new manager on a three-year contract.
There had been much speculation over the last few days surrounding the Portuguese manager’s future and after he was bought out from his FC Porto contract, he looked set for Stamford Bridge.
Now, the move is official and the Blues' search for a new boss to replace the sacked Carlo Ancelotti is at an end.
A statement on the club website reads: "Chelsea Football Club is delighted to announce that Andre Villas-Boas will be the club's new manager.
“He has signed a three-year contract and will start work immediately.
“Andre was the outstanding candidate for the job. He is one of the most talented young managers in football today and has already achieved much in a relatively short space of time.
“His ambition, drive and determination matches that of Chelsea and we are confident Andre's leadership of the team will result in greater successes in major domestic and European competitions.
“Andre will bring his coaching experience back to a club he is already very familiar with, having previously worked here for three years.
“He has always been highly regarded at Chelsea and everyone here looks forward to welcoming him back and working with him."
After his appointment, attention will now turn to which players Villas-Boas and the club's directors will look to bring in ahead of the new campaign.
Chelsea have already been linked with some of Villas-Boas' former Porto stars, such as Colombia striker Radamel Falcao, a player who could follow his former boss to west London this summer.