Official: Renato Veiga joins the Yellow Submarines... a special signing! | OneFootball

A special addition to the yellow submarines?

Renato Veiga - Getty images

In a significant move for his young career, Portuguese defender Renato Veiga has completed a permanent transfer to La Liga side Villarreal.

The 22-year-old makes the switch from Premier League giants Chelsea, putting pen to paper on a substantial seven-year deal with the Yellow Submarine.

The agreement sees Villarreal commit to an initial fee of €24.5 million for the defender's services, a figure that could potentially rise by an additional €5 million based on the achievement of various performance-related bonuses. In a shrewd piece of business, Chelsea have also negotiated a clause entitling them to a share of any profit should Villarreal sell Veiga in the future.

This transfer offers Veiga a fresh start after a challenging six-month loan spell with Italian powerhouse Juventus during the latter part of the previous season. While at Turin, the defender found playing time difficult to come by, managing only 15 appearances and struggling to break into the Bianconeri's first-team plans on a regular basis.

The reported fee aligns closely with his current estimated market valuation of €25 million, as listed by the renowned football data website Transfermarkt. Villarreal have clearly shown immense faith in his potential, securing his signature on a long-term contract that will see him at the Estadio de la Cerámica until 2031.