The 23-year-old has established himself as one of the finest left-backs in the Premier League during his five years at the King Power Stadium and he arrives at Stamford Bridge with 11 England capts to his name.
Leicester had hoped to raise as much as £70m from Chilwell’s departure but they accepted around £50m given the unique circumstances of this summer’s transfer market.
Speaking after his arrival, Chilwell expressed his happiness at joining the Blues at such an ‘exciting’ time.
‘I am delighted to be joining Chelsea at this very exciting time for the club,’ said Chiwell.
‘I can’t wait to get started and hopefully it won’t be long before we’re playing in front of the Chelsea fans at Stamford Bridge.’
Chilwell becomes Chelsea’s third summer signing after the arrivals of Timo Werner and Hakim Ziyech.
Chelsea confirm signing of Leicester City star Ben Chilwell
Lampard hopes to make further additions to his squad and the club are confident of signing Paris Saint-Germain captain Thiago Silva on a one-year deal.
Speaking after Chilwell’s signing, Marina Granovskaia says the club are confident that Chilwell can adapt ‘very quickly’ to life in west London.
‘We are very pleased to have completed our third addition to our exciting squad for the coming season,’ said Granovskaia.
Ben brings plenty of top-level experience playing in the Premier League, Champions League and at international level, despite his young age ‘We are confident Ben will adapt very quickly to being a Chelsea player and with the fixture programme for 2020/21 especially busy, he is a fantastic addition to the squad needed to challenge for honours’.