Chelsea have signed Ukraine's World Cup striker Andriy Shevchenko from Italian Serie A club AC Milan for a club record fee.
"I am going from one big club to another and joining a team of champions," the 29-year-old told Chelsea's official website after agreeing a four-year contract, on Wednesday.
Chelsea did not disclose the exact fee but the deal is believed to be worth around £30m. The Stamford Bridge outfit broke the previous club record fee of £25.98m paid to French club Olympique Lyon for Ghana international Michael Essien last August.
A joyous Shevchenko said it was the ideal moment to join the English Premier League Champions.
"I think I have arrived here at the perfect time.
"The Champions League has to be a realistic target for next season but it is not just about winning the Champions League.
"Chelsea are going for their third Premiership title (in a row) as well and I like the club's mentality of wanting to win every game they play," Shevchenko told Chelsea's official website.
The former European Footballer of the Year becomes Chelsea's third summer signing following the capture of Germany captain Michael Ballack, on a free transfer from German Champions Bayern Munich, and Ivory Coast striker Salomon Kalou, who arrives from Dutch club Feyenoord for an undisclosed fee.