Oscar: Chelsea midfielder to join Chinese Super League club Shanghai SIPG

    By Matias Grez, CNN

    Updated 1250 GMT (2050 HKT) December 23, 2016

    Oscar signed for Chelsea in 2012, scoring 38 goals in 203 appearances. At Shanghai SIPG, he'll be earning a reported $491,000 a week.
    Photos: The big-spending Chinese Super League
    Oscar signed for Chelsea in 2012, scoring 38 goals in 203 appearances. At Shanghai SIPG, he'll be earning a reported $491,000 a week.
    Hide Caption
    1 of 21
    No wonder the fans are celebrating. It might not be seen as a traditional football superpower, but Chinese clubs have splashed out millions of dollars on some of the world's top players -- and not just for Oscar...
    Photos: The big-spending Chinese Super League
    No wonder the fans are celebrating. It might not be seen as a traditional football superpower, but Chinese clubs have splashed out millions of dollars on some of the world's top players -- and not just for Oscar...
    Hide Caption
    2 of 21
    Brazilian striker Hulk moved from Russian side Zenit Saint Petersburg to Shanghai SIPG for a reported fee of $61 million. Here he celebrates bagging a goal against Henan Jianye, only to be carried off injured minutes later.
    Photos: The big-spending Chinese Super League
    Brazilian striker Hulk moved from Russian side Zenit Saint Petersburg to Shanghai SIPG for a reported fee of $61 million. Here he celebrates bagging a goal against Henan Jianye, only to be carried off injured minutes later.
    Hide Caption
    3 of 21
    In the wake of heavy spending throughout the transfer window, Jiangsu Suning FC agreed a landmark deal for Brazilian trickster, Alex Teixeira. The former Shakhtar Donetsk man cost just shy of $56 million.<br />
    Photos: The big-spending Chinese Super League
    In the wake of heavy spending throughout the transfer window, Jiangsu Suning FC agreed a landmark deal for Brazilian trickster, Alex Teixeira. The former Shakhtar Donetsk man cost just shy of $56 million.
    Hide Caption
    4 of 21
    In February, Chinese football club Guangzhou Evergrande paid $45.8 million to sign Atletico Madrid striker Jackson Martinez.
    Photos: The big-spending Chinese Super League
    In February, Chinese football club Guangzhou Evergrande paid $45.8 million to sign Atletico Madrid striker Jackson Martinez.
    Hide Caption
    5 of 21