Lyon president Jean-Michel Aulas confirmed earlier this month that he had held advanced talks with Chelsea hierarchy over signing Traore.
The Burkino Faso star joined Chelsea’s youth team in 2013 before breaking into the senior side a year later.
He was then sent on loan to Vitesse Arnhem and spent last season with Ajax, where he started the Europa League final defeat to Manchester United.
Bertrand Traore has chosen to continue his career away from ChelseaPA:Press AssociationThe 21-year-old striker has been on loan at Ajax this seasonGetty Images
Bertrand Traore success at Ajax means Chelsea has a lot to look forward to on his return to the club
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Traore last played for Chelsea in May 2016, in the 1-1 draw with Leicester.
He last scored for the Blues when bagging the opener in a 1-1 draw at home to Stoke in March last year.
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