Chelsea has reached a deal with Chinese club Shanghai SIPG to sell Oscar for a fee of around £60 million.

The Brazilian midfielder is thought have been offered over £500,000 a week and he will leave Stamford Bridge when the transfer window opens at the start of January.

While Chelsea hasn’t commented on the fee there are reports that it is around £41 million more than they paid Brazilian club Internacional for the player. If true it will make it Chelsea’s record sale, £10 more than the £50 million PSG paid for David Luiz in 2014.

After signing the deal Oscar said, “I’m very happy to sign to SIPG. This is an important day for me to join to my new family in China.”

Oscar joined Chelsea in 2012 and has since won the Premier League, Europa League and League Cup with the team. However, he has featured just 11 times since Antonio Conte was appointed. Despite this Conte has said that he is sad to be losing a player who has scored 38 goals in 203 appearances.

Speaking before Christmas Conte said, “Oscar is a really good player. A good player. For me, I was very proud to have him in my squad and have him as my player. I’m proud of his attitude, his commitment and his behaviour, which have been fantastic. I have great respect for every decision made by a single player. If you ask me, ‘are you sorry?’, then yes, I am sorry. I must be honest about this. But, also, I understand him and his decision.”

So far this year Chinese Super League clubs have spent over £350 million on players after President Xi Jinping led a campaign to turn China into a footballing power.