He will serve as back-up to Thibaut Courtois at Chelsea, who sold second-choice keeper Asmir Begovic to Bournemouth in May.
"I am very happy to join Chelsea, the champions of England. I am looking forward to meeting the guys and helping the club achieve more success in the coming season," Caballero told the club's website. (www.chelseafc.com)
(Reporting by Simon Jennings in Bengaluru, editing by Pritha Sarkar)
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