The most protracted transfer of recent times has finally been completed.
Chelsea and Arsenal released a joint statement confirming that Ashley Cole has signed for Chelsea in exchange for £5m and William Gallas.
“Chelsea FC and Arsenal have agreed terms for the transfers of Ashley Cole and William Gallas,” the statement read.
“Chelsea will also pay Arsenal £5m. Both players have agreed personal terms and passed their respective medicals.”
Cole is believed to have signed a five-year deal worth between £75,000 and £90,000 per week.
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