The 23-year-old has signed a seven-year deal at Stamford Bridge, where he will take over between the sticks from Belgium's Thibaut Courtois.
The Blues faced a race against time as to sign the young global before the Premier League transfer window closes on Thursday at 18:00 CEST - tasked with convincing the shot-stopper to move to England, despite Kepa having just renewed his contract.
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But, in weird circumstances, Chelsea did not include a clause in the Kovacic contract which would enable them to make the deal a permanent one if the Croatian global impresses in the Premier League.
Kepa played 30 times in La Liga for Bilbao last season and kept seven clean sheets as the Basque side finished 16th in the table.
The tranfer window has been one full of turbulence for Chelsea with the Blues sacking Antonio Conte amid much speculation on his future as well as losing arguably their most consistent perfomer over the last few years, Thibaut Courtois, to Read Madrid for a mere £32 million.
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When they appeared, the bookkeeper and accountants said, they thought the companies were clients or, in some cases, lenders. But while Laporta acknowledged that she regularly communicated with Gates she said she believed Manafort was in the know.
The 24-year-old Croatia worldwide arrives at Stamford Bridge with a big reputation, but there is no official option for Chelsea to make the move permanent after the 2018/19 season.
"In January I was coming to the end of the contract", he continued. I demand a lot from myself.
The Spain worldwide is officially the world's most expensive goalkeeper after joining from Athletic Bilbao in a £71.6m deal on Wednesday evening. "I knew some of the players in the current team because I had played with them in the Spanish national team, even in the World Cup", he said.
"I hope they remember me fondly, and I wish them all the best".
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" "Now I've come to the club where I really wanted to be and I want to fight for many years to win trophies."