Joao Felix has officially rejoined Chelsea on a seven-year contract from Atletico Madrid, a move that has reignited the club's busy summer transfer activities. Felix's signing, reportedly costing up to £46.3 million, coincides with Conor Gallagher's departure to Atletico, which was finalized after a stalled transfer due to Chelsea's failed pursuit of Samu Omorodion. Chelsea is aiming to balance its bloated squad, having recently offloaded players like Gallagher and Ian Maatsen for around £70 million. Meanwhile, the squad still includes many high-profile players, but Chelsea is considering loaning out Armando Broja and selling Romelu Lukaku, as they navigate Profit and Sustainability rules. The club's management under Clearlake Capital and Todd Boehly continues to take risks on young talent, with Felix's versatility posing both potential and questions about his role in the team. As Chelsea prepares for upcoming matches, the future of players like Raheem Sterling remains uncertain.