Abraham, 19, spent last season on loan at Bristol City where he scored 26 goals, 23 of them in the Sky Bet Championship.
He is the second Swansea signing of the summer after Dutch goalkeeper Erwin Mulder, with Spanish midfielder Roque Mesa also to join from Las Palmas for £11m later this week.
Beale thinks the move is a good one for the striker and explained Abraham is obssessed with scoring goals.
The striker will hope if he can shine in the Premier League at Swansea he will be given the chance to stake his claim for a first team spot at Chelsea in the 2018/19 campaign.
Abraham was a regular starter in the England Under-21 side during their European Championship campaign and despite finding the back of the net only once, earned plaudits for his tireless shifts.
In an interview published on Tuesday, Chelsea head of youth development Neil Bath said: 'Realistically, to break into a first team like ours you need to have played 150 to 200 games at senior level.
The Swans have today confirmed that they have won the race to loan the highly-rated Blues forward, beating off competition from several other Premier League sides.
His arrival could be preceded by a striker departure with Swansea set to loan Borja Baston to Malaga for the season, according to Sky sources.