Chelsea 's website reported that the Spain striker had signed a five-and-a-half-year contract , but did not disclose the fee -- which British media speculated would be about £50 million ( $ 80 million ) . NEW : Chelsea sign Spain striker Fernando Torres from English rivals Liverpool . English clubs agree undisclosed fee which reportedly smashed British transfer record . Chelsea also sign Portuguese defender David Luiz from Portuguese club Benfica . Liverpool complete club - record deal for Newcastle 's England striker Andy Carroll .
NEW : Chelsea sign Spain striker Fernando Torres from English rivals Liverpool . English clubs agree undisclosed fee which reportedly smashed British transfer record . Chelsea also sign Portuguese defender David Luiz from Portuguese club Benfica . Liverpool complete club - record deal for Newcastle 's England striker Andy Carroll .