The 22-year-old was heavily linked with a move to Stamford Bridge, but has sealed a move to France instead
Monaco have announced the signing of in-demand Russian starlet Aleksandr Golovin, after beating Chelsea in the race for the CSKA Moscow midfielder.
The 22-year-old, who shone at the World Cup this summer, has signed a five-year deal with the French giants.
While the transfer fee is officially undisclosed, CSKA have said they had received a club-record fee for his services and reports claim Monaco tabled a bid of €35million (around £31million).
Golovin, who had been linked with Chelsea after impressing for Russia at the World Cup, scored 13 goals in 113 appearances for CSKA.
The youngster made four appearances at the World Cup, scoring one goal and claiming two assists as the tournament hosts progressed to the quarter-finals.
“I am very happy to sign for Monaco,” Golovin told the Ligue 1 side’s official website.
“This is a new adventure for me that I approach with a lot of ambition. I am now very much looking forward to meeting the staff and my new team-mates and to get going.”
Monaco vice president and chief executive officer Vadim Vasilyev said Golovin had made the right move to continue his development.
He added: “We are very happy with the arrival of Aleksandr Golovin at Monaco.
“He is a talented young player, very prominent during the World Cup, but we have been following him for a long time.
“He already has solid experience in the Russian first division and internationally.
“Despite the competition of very large European clubs, Aleksandr has chosen the sporting project of Monaco, which will offer him the best conditions to continue his progress.”