Chelsea signs playmaker Oscar

Updated: July 26, 2012, 1:32 AM ET
Associated Press

LONDON -- European champion Chelsea has signed Brazilian playmaker Oscar from Internacional in a deal said to be worth $38.7 million.

The 20-year-old, whose full name is Oscar dos Santos Emboaba Junior, currently is with the Brazilian team for the London Olympics. The transfer was announced Wednesday.

Oscar made his debut for Brazil's national team as a substitute in a 0-0 tie with Argentina last September. He has one goal in his six international appearances.

Oscar is a product of the Sao Paulo youth academy and joined Internacional in December 2010.

Copyright 2012 by The Associated Press