The Blues will pay their Premier League rivals £50m for the England star, who is set to earn more than the £300,000 a week he was paid by the Manchester club, reports the Daily Mail.

The 27-year-old has signed a five-year deal with the London side, which will keep him at Stamford Bridge until 2027, whilst there is also an option for an extra year should either party want to extend when the time comes.

Sterling becomes the first signing of the Todd Boehly era at Chelsea after leaving Man City after an incredibly successful seven years with the Manchester club, a time in which he scored 131 goals in 339 appearances for the reigning Premier League champions.

Last season, Sterling broke into the club’s top 10 list of all-time goalscorers, which underlines the influence the England international has had during City’s spell of domestic dominance and will be missed by the Etihad faithful upon his departure.

On returning to London to play for Chelsea, Sterling said the following about the move via Chelsea’s website: "First and foremost, it’s a pleasure to be here."