Chelsea have reportedly snapped up 20-year-old Portuguese talent Renato Veiga from Switzerland side FC Basel.

Chelsea are now set to complete the signing of Renato Veiga from FC Basel after an agreement was reached between both clubs last week.

According to Portuguese newspaper O Jogo, the player is already in London and should have his medicals with the Blues at some point today.

Sporting are putting an eye on this deal, as it favours them, even though Veiga is no longer a Sporting player.

When selling Veiga to Basel for €4.6m last summer, Sporting kept 10% of a future transfer. Now with his move to Chelsea, they’re getting €1.5m.

Veiga has made 36 senior appearances so far in his career, 13 for Augsburg in the Bundesliga 2022/23 season and a further 23 for Basel last term. He scored two goals and made an assist in the Swiss league last season.

Meanwhile, Chelsea FC are reportedly eyeing the acquisition of Portuguese international Francisco Conceicao following his impressive performances at Euro 2024.

According to sources from Record via SportWitness, the London club is closely monitoring the 21-year-old right-winger, who currently plays for FC Porto.

Conceicao, who has a release clause of €30 million set to rise to €45 million next week, has attracted significant interest from top European clubs.

Chelsea are particularly attentive, aiming to secure his services before the clause increase on July 15th. This strategic timing could be crucial as it might save the Blues a substantial amount of money while securing a highly talented player.

The young winger’s journey began at FC Porto, where he honed his skills and quickly made a name for himself. In 2022, he made a permanent move to Ajax, seeking new challenges and opportunities.

However, his affinity with Porto saw him return to the club on a season-long loan, which eventually became a permanent transfer. His return to Porto proved fruitful, with Conceicao delivering an outstanding season marked by eight goals and eight assists in 43 appearances.

Conceicao’s stellar form did not go unnoticed. His performances at club level earned him a spot in Portugal’s Euro 2024 squad, where he continued to impress on the international stage. His most notable contribution was scoring a decisive late winner in Portugal’s opening group game, showcasing his knack for delivering in crucial moments.

Chelsea’s interest in Conceicao aligns with their broader strategy of signing promising young talents from across Europe. The club’s project under new management focuses on building a squad filled with youthful exuberance and potential.

Adding Conceicao to the ranks would not only enhance Chelsea’s options on the flanks but also inject fresh energy and creativity into our attacking play.

The impending increase in Conceicao’s release clause adds urgency to Chelsea’s pursuit. With the clause set to jump from €30 million to €45 million on July 15th, the Blues have a narrow window to act. This significant hike underscores the value Porto places on the young winger, reflecting his rising stock in European football.

Conceicao’s agent, Jorge Mendes, a well-known figure in football circles, is actively exploring the best options for his client’s future. Mendes’ involvement typically signals a high-profile move, adding another layer of intrigue to the potential transfer.

The player’s decision will be influenced by several factors, including the club’s vision, playing opportunities, and the role he would play in the team’s future.

While Chelsea have not yet made an official bid, the club’s interest is palpable. The coming days will be critical as the Blues decide whether to formalize their pursuit of Conceicao.

The player himself is expected to have discussions with Porto’s president upon his return for pre-season, where his intentions for the upcoming season will become clearer.