Marc Guiu has joined Sunderland on a season-long loan from Chelsea.
Ipswich, who recentlysold Liam Delap to the Blues, also showed an interest in the Spanish striker.
But he has opted for a move to the Black Cats, who recently made an approach for him.
Sunderland were promoted to the Premier League last season via the Championship play-offs.
“I’m feeling great and really looking forward to the season ahead,” he told Sunderland’s website.
“I see myself as a powerful striker, who can make a difference on and off the ball, and I pride myself on being a natural goalscorer.
“This year is a huge opportunity for me to help take this team where it truly deserves to be, and I can’t wait to get started.”
Guiu, 19, joined Chelsea from Barcelona last summer and impressed during his first-team outings last season.
However, he made just three Premier League appearances – all as a substitute – and was out injured for almost four months before coming on as a late substitute in May’s Conference League final against Real Betis.
Meanwhile, Kiernan Dewsbury-Hall has left Chelsea to join Everton.
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