Chelsea transfer news: Xabi Alonso favourite signs contract until 2032

Chelsea have announced that Pedro Neto has signed a new long-term contract at Stamford Bridge.

During the summer transfer window, the Portugal international was linked with a move to Manchester City and the Saudi Pro League.

However, the market closed without Chelsea's valuation - said to be £100m - being met by any of the alleged interested parties.

In the absence of the injured Marco Palestra, the 26-year-old has been used as a wing-back in Alonso's 3-4-2-1 formation.

After goals against Brighton & Hove Albion and Leeds United, the decision has been taken to hand the attacker a contract extension until 2032.

Lightning down the wing until 2032. ⚡️ pic.twitter.com/npYmBYtFB9

Speaking to the club's official website, Neto described the development as an "unbelievable moment".

He said: "It’s an unbelievable moment. From when I arrived, I have always felt like the people here helped me a lot. I feel like home here, I feel like I want to achieve more things here.

"I have had some good moments here as a group and as an individual, and now I want to have more of those moments. I’m really excited because I think we can achieve a lot of things together."

Neto's form during the second half of 2025-26 infuriated many Chelsea's supporters, who became particularly frustrated with his decision-making that led to red cards, disciplinary issues and missed chances.

However, while Alonso's reign is still in its infancy, Neto looks reborn and has warmed to playing at wing-back when required.

He also has a record at Chelsea of 21 goals and 19 assists from 108 appearances, a respectable return when he has not always started games.

That all said, Alonso will demand that Neto at least finds some consistency with the level of his performances and output.

Get FREE daily news and in-depth previews for games from the biggest leagues and competitions in world football — straight to your inbox.