Italian player Jorginho made his bet with a Brazilian TV reporter after winning the Champions League title with Chelsea on Saturday.
Chelsea won the title after beating Manchester City 1-0 in the final match at Dragao Stadium in Porto, Portugal.
After the match, Jorginho appeared alongside the Brazilian reporter, who had agreed with him earlier that if Chelsea won the Champions League he would shave his beard in exchange for the journalist shaving his mustache.
The Brazilian channel published a video clip showing the implementation of the betting between the two parties, which was widely interacted on social media.