The Brazilian midfielder put in four years at Stamford Bridge, amid which he won the Premier League, Europa League and League Cup.
Oscar began the initial five Premier League installations under Antonio Conte this season, however has since lost his place in the group, playing just 36 minutes in four substitute appearances.
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He is currently set for a £52m (€60m) move to the Chinese Super League and will get an agreement purportedly worth as much as £20 million-every year.
Chelsea said in an announcement on their official site: "We express gratitude toward Oscar for his superb administration and wish him the absolute best of fortunes for what's to come."
"Oscar will touch base in Shanghai in the coming days and he will end up being a colleague," an announcement from Shanghai SIPG.
"The play-maker, who is eminent for his assaulting capacities, will help the club push for the title in the new season."
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