The former striker struggled to make an impact at Stamford Bridge and believes he lost confidence.
Sutton is sorry that his failed switch probably had a negative effect on then manager Gianluca Vialli.
“I went into a team with the likes of Zola, Desailly, Gus Poyet, Dennis Wise, and a really good manager in [Gianluca] Vialli, so I don’t blame anyone else,” he told Planet Football.
“Some of my all-round play was OK, but I’d gone there for big money and you’re judged”
Ex-Chelsea striker Chris Sutton
“I started poorly, I missed chances, I lost confidence, and I feel I let Vialli down.
“I thought he was a really good man, and I don’t think spending £10m on me that season really helped his managerial career.
“At the time I was telling myself I hadn’t lost confidence, there was an element of delusion, but I think I was hesitant and that’s the one thing you can’t be as a striker at that level.
“I didn’t score enough goals. Some of my all-round play was OK, but I’d gone there for big money and you’re judged.
“That’s absolutely fair, I didn’t do well, and I think Ken Bates was glad to see the back of my after one season.”
Sutton is now a pundit after going on to resurrect his career in Scotland playing for Celtic.