The Portugal attacker is on his way to Saudi Arabia after Chelsea agreed a €30m fee with Cristiano Ronaldo's Al Nassr.
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The deal includes a sell-on clause which will meet the original €50m Chelsea were demanding, says TMW.
All parties are now in agreement and contracts are being drawn up.
Felix joined Chelsea a year ago from Atletico Madrid and spent the second-half of last season on-loan with AC Milan. The Portugal attacker was also a confirmed target for former club Benfica, but now appears on his way to Saudi Arabia.