Chelsea have agreed to sign Brazilian Wallace Dos Santos from Fluminese and he would join the club in the January transfer window.
The club statement (www.chelseafc.com) reads thus:
"Chelsea Football Club is delighted to announce we have agreed terms with Fluminense for the transfer of Wallace in the January window.
As part of the deal, the 18-year-old defender will remain with Fluminense until the end of the season.
An attacking right-back, Wallace Oliveira dos Santos was born on May 1, 1994, and made his senior debut this year at the age of 17.
He has since gone on to appear 18 times in the league for the first team, helping them to the Brazilian league championship, the Rio State League and the Guanabara Cup.
Wallace, an Under-20 international, was part of the Brazil squad that won the South American Under-17 championship last year, and helped his country to a fourth-placed finish at the World Cup in Mexico at the same level, playing alongside Lucas Piazon.
Fluminense is the club that both Deco and Juliano Belletti left Chelsea for in the summer of 2010."
Who is Wallace?
Wallace is a right back who plays for Brazilian club side Fluminese and he helped Brazil win the South American Under-17 Championship in 2011 before contributing to their fourth-placed finish at the Under-17 World Cup in Mexico three months later.
His playing style has been compared to compatriot Dani Alves due to his attacking displays from the back. Although it is very early to say if he indeed is anything like Dani Alves, Wallace would join a burgeoing Samba contingent at Chelsea that comprises of David Luiz, Ramires, Lucas Piazon and Oscar.
While Chelsea have no abundance of defenders, they do have two players who can play at the right back position, namely Branislav Ivanovic and recent acqusitions Cesar Azpillicueta. In recent outings, Azpillicueta has shown tremendous promise and Wallace would have to compete with the Spaniard if he has to cement his place in the Chelsea first team. At 18, he has age on his side and he can hope to benefit from the likes of John Terry and compatriot David Luiz.