Chelsea have reached an agreement with Spanish champions Atletico Madrid to sign Brazilian left-back Filipe Luis, according to the club's official website.
The Blues are believed to have matched Luis' release clause of around £20 million and will immediately begin discussing personal terms with the defender.
Chelsea close to deal
Luis, 28, has been on Chelsea's radar for a number of weeks now since the departure of club icon Ashley Cole to Italian side Roma.
The Stamford Bridge club still have Patrick Van Aanholt and Ryan Bertrand within their ranks as possible Cole successors but Jose Mourinho, in typical fashion, is looking to bring in well-established footballers to add to his already star-studded squad.
Bertrand, 24, has been linked with a departure to another Premier League club, while Van Aanholt could be set for another season on the loan list.
Luis joins Costa
Earlier this week, Chelsea also announced the signing of Luis' former Atletico Madrid teammate Diego Costa on a five-year deal.
Luis, who voiced his desire to join Costa at Stamford Bridge at the end of last season, was reportedly made to train with the reserves due to his desire to leave for England.
Luis is poised to finalise his transfer to Chelsea soon and will join up with fellow Chelsea signings Costa and Cesc Fabregas at the club's European training camp.