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Chelsea have confirmed that they have agreed a deal, reportedly worth up to £8m, to bring the Sao Paulo starlet, Lucas Piazon, to Stamford Bridge, according to the team's website.
Chelsea confirmed reports from earlier in the week on their website. "[Piazon] has signed a pre-contract agreement and is expected to join us in January 2012 on a long-term deal."
Gustavo Lucas Domingues Piazón, known simply as Lucas Piazon, is a 17-year-old attacking midfielder who can also operate on either wing.
The player is currently representing Brazil at the South American Under-17 Championships, having previously finished top scorer with 10 goals at the 2009 Under 15 Championships in Bolivia where Brazil finished runners up.
Piazon has scored twice in three games in the on-going Under 17 Championships in Ecuador, a winning goal versus Venezuela and a strike in a defeat against Paraguay that broke through the net.
He was previously named player of the tournament in another Under-15 international competition held at Old Trafford.
Dubbed the ''new Kaka,"the Sao Paulo born super starlet is very similar in style to the player who won the Ballon d'Or and FIFA World Player of the Year awards in 2009.
Who better to guide and nurture the latest prospect to come of the Brazilian production line than the man who made Kaka—Carlo Ancelotti—though doubts remain if the Italian will still be in charge at the start of next season.
The move can also be seen as further evidence of Chelsea's new policy of investing in youth following this season's successful signings of Piazon's countrymen David Luiz and Ramires.
Piazon was also close to signing for Juventus earlier this year, but the deal collapsed over wage demands and Chelsea were more than glad to step in and snap up the talented youngster.
The move must be viewed with caution from both the player and club though, as Chelsea have had little luck with trying to bring young talent through their ranks.
Being only 17-years-of age may see him suffer like many other South American talents who move to Europe too quickly.