Chelsea Football Club has officially signed winger Pedro Neto to a new five-year contract, which includes an option to extend the agreement for a further year. The deal comes as a reward for the player’s impactful start to the current campaign under manager Xabi Alonso. Since his arrival from Wolverhampton Wanderers in 2024 for a reported fee of £54 million, Neto has become a key figure in the squad, contributing 40 goal involvements during his tenure.

According to reports, the contract extension serves as a commitment to the club amid interest from other top-tier Premier League teams, specifically Manchester City. Despite the reported interest from the reigning champions during the summer transfer window, Neto opted to remain at Stamford Bridge. Under Alonso’s tactical system, Neto has been deployed as an attacking wingback, a role in which he has already recorded two goals in five appearances this season. The new agreement also includes a pay rise, reflecting his increased importance to the team's attacking setup. This move follows a broader trend of Chelsea securing long-term commitments from their core players as they look to build consistency under their current coaching staff.