The Frenchman has signed a two-year contract with the Chinese outfit after seeing his first-team opportunities dwindle under Andre Villas-Boas at Stamford Bridge
Shenhua, who have been in discussions with Anelka for the past few weeks, confirmed on their website today that the 32-year-old had agreed to join them from January 2012.
The Chinese club opted not to provide the financial details of the contract in the statement, although some media reports have previously claimed the contract is worth approximately £200,000 per week.
However, Shenhua spokesperson Ma Yue denied such rumours, telling AFP: "I cannot confirm his salary at the moment. I can just say the final amount could be different from £200,000."
Speaking on Weibo, the Chinese equivalent of Twitter, Shenhua skipper Yu Tao said: “It’s impossible not to be excited by this – a warm welcome to our new team-mate!”
Anelka, who was also chased by West Ham and MLS club Montreal Impact, joins Shanghai after falling down the pecking order at Chelsea under Andre Villas-Boas.
The French striker was due to reach the end of his contract at Stamford Bridge in the summer and had a transfer request accepted by the Blues earlier this month.
Shenhua, who are owned by Zhu Jun, finished the 2011 CSL in 11th and have not won the Chinese title since 2003.
Chelsea host Manchester City tonight, knowing that a win will put them back into the top four in the English Premier League and futhermore end Manchester City's unbeaten run of 14 games this season
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