Chelsea have confirmed the signing of Brazilian midfielder Oscar.

The Blues have snapped up the 20-year old playmaker from Internacional by confirming the signing on their official website but did not divulge any further details.

"Chelsea football club is delighted to announce the signing of Oscar," read the short statement.

It is believed that Chelsea have paid £25million for Oscar who is currently with the Brazil U23 team for the 2012 Olympic Games which kick off this weekend.

 Click here to reach the No1 destination for hard news and exciting gossip on Chelsea