The England under-21 international moved to Brendan Rodgers' side on loan in January but failed to break into the first-team, despite being held in high esteem as a player of great potential.
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"I'm looking forward to going back to Chelsea and training with the team again."
The 19-year-old made just five appearances and one start during his six-month spell at the Swans, playing just 215 minutes in total and reportedly costing the Welsh club around £1.7 million in wages and fees.