Chelsea have reached agreement to sign 15 year old midfielder for £17.5 million

Chelsea have reached an agreement to sign Independiente del Valle midfielder Kendry Paez, according to the Ecuadorian club’s general manager.

Chelsea agreed a £17.5 million with Independiente del Valle earlier this month to sign the 15 year old midfielder, although the Premier League club are unable to register Paez until he turns 18.

Speaking about Chelsea’s move, Independiente del Valle’s general manager, Santiago Morales, confirmed the deal is ‘practically arranged’ and has revealed that Chelsea are exploring ways of securing a pre-transfer agreement.

“It is something that we have already been talking about on a few occasions, a few months ago. There is a specific interest from Chelsea, it is practically arranged between the parties,” Morales told Studio Futbol.

“Legally we are looking at what can be done, he is a 15-year-old boy, FIFA prohibits this type of negotiation.

“We are going to be fortunate enough to be able to enjoy him for at least two more years until he turns 18 and then he can go.

“You have to see the legal issue and obviously a transfer contract cannot be signed, maybe some agreement, and that is what Chelsea is finding out both with their league, with their federation and with FIFA to be able to direct this transfer that would be unprecedented in Ecuadorian football. We are sure that it will be the first of many more.

“I know that Kendry is going to be a great ambassador for all Ecuadorian players, I’m talking about all the players who have this chance to make the leap and at such a young age.

“You have to take advantage of these days and these tournaments that people attend to enjoy themselves because he really is a great player, a great boy.”