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
    A former club-mate and compatriot of Oscar, Ramires was signed by Jiangsu Suning of the China Super League from Chelsea on January 27, 2016 for a reported initial fee of nearly $28 million.
    Photos: The big-spending Chinese Super League
    A former club-mate and compatriot of Oscar, Ramires was signed by Jiangsu Suning of the China Super League from Chelsea on January 27, 2016 for a reported initial fee of nearly $28 million.
    Hide Caption
    6 of 21
    Corinthians playmaker Renato Augusto reportedly turned down a lucrative offer from a German club to join Beijing Guoan. "There was a very good offer from Germany, three times more than I make here at Corinthians," Renato was quoted as saying by the South China Morning Post. "But then came an offer I couldn't refuse."
    Photos: The big-spending Chinese Super League
    Corinthians playmaker Renato Augusto reportedly turned down a lucrative offer from a German club to join Beijing Guoan. "There was a very good offer from Germany, three times more than I make here at Corinthians," Renato was quoted as saying by the South China Morning Post. "But then came an offer I couldn't refuse."
    Hide Caption
    7 of 21
    Darko Matic (R) has had a lot to celebrate since moving to China nearly 10 years ago. He's now plays for Changchun Yatai Matic, has learned Mandarin and is considering remaining in the country after his career ends.
    Photos: The big-spending Chinese Super League
    Darko Matic (R) has had a lot to celebrate since moving to China nearly 10 years ago. He's now plays for Changchun Yatai Matic, has learned Mandarin and is considering remaining in the country after his career ends.
    Hide Caption
    8 of 21
    Former Arsenal and Roma winger Gervinho (seen playing for Ivory Coast) completed a transfer of nearly $20 million to Hebei China Fortune in the China Super League.
    Photos: The big-spending Chinese Super League
    Former Arsenal and Roma winger Gervinho (seen playing for Ivory Coast) completed a transfer of nearly $20 million to Hebei China Fortune in the China Super League.
    Hide Caption
    9 of 21
    Colombian Fredy Guarin (right) was moved by Inter Milan to Shanghai Greenland Shenhua for a reported fee of $14 million in January 2016.
    Photos: The big-spending Chinese Super League
    Colombian Fredy Guarin (right) was moved by Inter Milan to Shanghai Greenland Shenhua for a reported fee of $14 million in January 2016.
    Hide Caption
    10 of 21