Source from Soccernet.com:

Chelsea have beaten Manchester United to the signing of Porto right-back Jose Bosingwa, for a fee of £16.1million.

The Blues confirmed the player has agreed a three-year contract with the Stamford Bridge club and will join after this summer's European Championships.

It represents a welcome success for Chelsea the day after United pipped them to the Premier League title.
Sir Alex Ferguson's side have long been in the hunt for a right-back and assistant coach Carlos Queiroz confirmed their interest in Bosingwa earlier in the season.

United saw him as a successor to Gary Neville but Chelsea have moved swiftly to snap up the attack-minded 25-year-old.

Bosingwa told Chelsea TV: 'I have friends who are at Chelsea and it's a club I feel I can improve at and grow as a player.

'I've always had a dream to play in England - I always watched the Premier League as a child, I love the English game and now I'm here I'm going to work to do my best.

'I played for a big team in Porto and now I'm going to play for a bigger team in Chelsea. My aim is to win titles.'

The Portugal international's arrival will place more speculation around the future of Juliano Belletti. The Brazilian has been sidelined in recent weeks, with Michael Essien playing at right-back.

Chelsea's other right-back, Portugal's Paulo Ferreira, signed a five-year deal earlier this season and is unlikely to move on.

Bosingwa is set to play for his country in the European Championships next month.
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Yeah, this would make Chelsea's defence better!

it was our weak point all season but now we can move essien back to center mid and give a real push for the prem next season. also ivanovic will be in center back after he comes back from injury for the start of the season.