Confirmed: Chelsea completes the transfer of versatile midfielder, 5-year deal on signed

Chelsea have lost yet another of their promising prospects after Nathaniel Chalobah joined Watford in a five-year deal said to worth £5 million.

The 22-year-old found regular first team action hard to come by at Stamford Bridge and despite Antonio Conte wanting to keep him at the club, Chalobah keenly desires a move to where he will be guaranteed regular playing time.

He had an impressive loan spell at the Vicarage Road in the 2012/2013 season where he netted five goals in 42 games and has now returned to the club on a permanent deal, becoming their fifth signing of the summer after Tom Cleverly, Will Hughes, Daniel Bachmann and Kiko Femenia.

The Premier League champions had reportedly offered Chalobah a new five-year deal worth £17 million to make him stay, but with the arrival of Timoue Bakayoko from Ligue 1 champions which will further limit his chances, the midfielder preferred to move on.

And giving that he is in the last year of his contract, Chelsea decided to cash in on him. He made 15 appearances for them last season, starting just one of them.

The England international who had also attracted interests from Southampton and Swansea City, joined the Blues academy at the age of 10 and had loan spells at Watford, Nottingham Forest, Burnley, Reading and Middlesbrough.

His departure means Chelsea have lost another home-grown player following the exit of Dominic Solanke, Nathan Ake and Betrand Traore to Liverpool, Bournemouth and Lyon respectively.