Chelsea have announced the signing of striker Alvaro Morata from Real Madrid on a five-year contract.

The 24-year-old striker has agreed a five-year contract at Stamford Bridge in a move believed to be worth around £60 million.

The Spaniard will now join up with the squad on their preseason tour of Asia.

Upon completing his transfer, Morata said: “I am so happy to be here. It’s an incredible emotion to be part of this big club. I am looking to work hard, score as many goals as I can and to win as many trophies as possible.”

Technical director Michael Emenalo added: “We are delighted to complete Alvaro’s signing and welcome him to the club. We believe he can make a great impact for Chelsea and look forward to seeing him in action.

“Alvaro has proven class at the highest level and his quality will be a huge asset to Antonio and the squad.”

Morata comes into the fray for Chelsea as a replacement for Diego Costa who has been heavily linked with a move back to Atletico Madrid.