The next big star of Brazilian football has been dubbed the 'new Neymar' - both for his striking physical similarity to the Brazil international, and for his flamboyant style of play.
The report claims Chelsea are scouting the young forward, while Manchester United are also thought to be monitoring the teenager closely.
A stunning hat-trick against Palmeiras in the semi-finals of the Copa Sao Paulo under-19s tournament piqued the interest of both clubs - interest that picked up after it emerged that Neilton is thought to have a £5m buy-out clause inserted into his Santos contract.
Neymar himself has been a transfer target for both Manchester United and Chelsea in the past, but the 21-year-old looks set to stay in Brazil until after the 2014 World Cup. And even then, reports claim Barcelona is his most likely destination.
As a result, the Premier League clubs could be looking to steal a march in the race to sign the next young superstar from the South American country.
Chelsea owner Roman Abramovich is reportedly prepared to sanction a move for Neilton - with the European champions more than happy to trigger the reported £5m release clause.
But, with the English giants sniffing around, Santos are thought to be desperate to renegotiate Neilton's contract - and to bump up his buy-out clause to a figure that more accurately reflects his rocketing value.
Check out his goals against Palmeiras above...