Chelsea's owners have agreed a deal to buy a majority stake in French Ligue 1 club Strasbourg.
Chairman Todd Boehly has previously said a multi-club model is a good pathway for young players to gain experience.
The size of the stake is unknown - however it has been reported the Blues will pay 75m euros (£65m) for close to 100% ownership.
Club president Marc Keller said it was an "important day" for Strasbourg.
The former West Ham midfielder added that while there was "no financial urgency" to the agreement, the shareholders were aware the club had "reached the ceiling of our model" and needed investment in order develop their ambition.