Chelsea appear to be on the brink of signing Brazilian starlet Wallace on a permanent deal, after the youngster impressed in the Brazilian under 17 side.

Chelsea have a 40% stake in Wallace already, after Brazilian club Fluminense signed the wonderkid last year and sold the rights to Chelsea in order to garner enough money to sign Deco.


Fluminense president Peter Siemson said that Chelsea’s stake had not yet been increased, and that the Blue would have to pay an undisclosed amount in a penalty clause on Wallace’s contract to take the starlet off Fluminense’s hands.

"He still plays for Fluminense and to get him out of Brazil, Chelsea would have to pay the amount of the penalty clause remaining," Siemsen said.

"Chelsea only have a stake in him."

But Wallace appears to be raring to leave Brazil for Chelsea, telling globoesporte: "I feel ready for this challenge since I started playing football.

"I have not talked with the coaches yet, but the expectation exists. Let's see how it goes."

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