The midfielder, 28, becomes United’s third summer buy after £31m defender Victor Lindelof from Benfica and £75m striker Romelu Lukaku from Everton.
United manager Jose Mourinho described Matic as a “team player” who has “everything we want in a footballer; loyalty, consistency, ambition”.
Matic said he was “delighted” to be joining at “an exciting time”.
The Serbia midfielder added: “To work with Jose Mourinho once again was an opportunity I couldn’t turn down.
“I have enjoyed my time at Chelsea and would like to thank the club and the fans for their support. I cannot wait to meet my new team-mates and to start training with them.”
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