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Chelsea and Lyn reach Mikel agreement

Chelsea have reached an agreement with Norwegian club Lyn Oslo in their dispute over the transfer of John Mikel Obi.

The Barclays Premier League club issued a High Court claim against Lyn and their former chief executive Morgan Andersen in October in an effort to recoup the £16million transfer fee they paid for the Nigerian.

A short statement on Chelsea's official website on Monday read: "Chelsea Football Club and FC Lyn Oslo have resolved all matters between the two clubs with regard to John Mikel Obi."

The statement continued: "The terms of the agreement will remain confidential. There will be no further comment."

Chelsea claimed the transfer was based on the "fraudulent misrepresentation that Mikel had an employment contract with Lyn".

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