In August 2023, he signed with Chelsea on a contract worth £150,000 per week, making him one of the highest-paid Ecuadorian footballers in history. The deal was part of a £115 million transfer from Brighton, setting a record at the time for the club. The contract runs until 2031 with an option for a further year. His annual salary crosses £7.8 million, not including bonuses for appearances, wins, and titles.
Caicedo thrives as a defensive midfielder, known for his positional awareness, tackling, and stamina. He’s excellent at breaking up opposition play and quickly transitioning the ball to attack. What sets him apart is his ability to read the game; he consistently intercepts passes and makes smart decisions under pressure. He also has great passing range, which allows him to control tempo from deep. His fitness levels are elite, often covering the most ground in matches. Though primarily defensive, he’s also capable of advancing with the ball and contributing to build-up play. Coaches praise his maturity, discipline, and adaptability. He plays with aggression when needed but rarely loses composure. Caicedo is the kind of player every top team needs to maintain midfield balance.