Chelsea FC are on the brink of securing one of the most significant signings in recent history, as they close in on a deal to bring Brazilian teenager Estevao Willian to Stamford Bridge from Palmeiras for a fee that could reach £60 million, including add-ons.

According to a report on HITC, Chelsea have agreed in principle on a deal for the 17-year-old sensation, which positions him as the fourth most expensive teenager in the history of football. Only Kylian Mbappe, Joao Felix, and Matthijs de Ligt have been transferred for higher fees at such a young age.

Since the Clearlake Capital takeover, Chelsea have focused heavily on the South American talent pool. This strategic pivot seems to be paying dividends, with Willian poised to join the London club despite interest from other European heavyweights like Barcelona and Real Madrid.

The Brazil Under-17 international, who has a release clause of £38 million in his contract, is reportedly set to join Chelsea for an initial £47 million. This means Chelsea can spread the payment across a series of instalments, with a £13 million made up of bonuses and add-ons should Estevao prove to be a success in England.

Real Madrid, known for their success in scouting and developing Brazilian talents like Vinicius Junior and Rodrygo Goes, were also in the race. However, Chelsea’s aggressive approach and the promise of significant investment in his development have tipped the balance in their favor.

Palmeiras have accepted Chelsea’s offer as the best they could receive for their young star, who is expected to bring a blend of skill and promise to Pochettino’s squad as they aim to compete at the highest levels both domestically and in European competitions.