Chelsea had been after an English goalkeeper but gave up after a bid for John Ruddy was rejected and other targets voiced concerns over a lack of first team football on offer.
Schwarzer leaves Fulham to join Chelsea as he bids to play in the World Cup next year for Australia.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?