Swansea have completed the signing of highly-rated Chelsea winger Scott Sinclair on a three-year deal for initial fee of £500,000.
Sinclair, 21, who is well known to Swans' boss Brendan Rodgers from his days at the Stamford Bridge academy, failed to break into the first team at Chelsea and enjoyed just one start, with another four appearances coming from the bench.
Swansea have paid an initial £500,000 to bring England Under-20 star Sinclair to the Championship, though the fee could rise to over £1million with appearances and performance-related add-ons.
Sinclair has been sent out on several loan spells inr ecent years, with his clubs including Wigan, Crystal Palace and QPR, but despite his failure to break into the first-team picture at Chelsea, Rodgers believes the the move represents a real coup for the Swans.
"Scott is obviously a player I know well and I am delighted to sign him,'' Rodgers told Swansea's official website. "He is a big talent and has been a sought-after player since he broke onto the scene.
"As far as I am concerned there is no better place for him than Swansea City. With this group of players, style of football and fantastic fans, this will be a great club for his development.
"He is only 21 and still has big potential. I think this will be a good home for him. He is a great signing for the present and the future and joins a group of exciting young players.''
Swansea chairman Huw Jenkins added: "While everyone is aware that we run a tight ship here financially, we will always invest in the team when funds are available.
"I think this signing highlights our intent. It is also the club's priority to invest in bright, young talent wherever possible and I don't think you will find many young players with the talent Scott possesses.''
The deal remains subject to Premier League and Football League ratification, meaning Sinclair, who has represented England at every level up to Under-20, will not be available for Swansea's Carling Cup clash with Barnet on Wednesday.