Chelsea are going head-to-head with Arsenal and Manchester City for the signature of Southampton left back Luke Shaw.
The 16-year-old is rated as one of the best prospects in English football and he is valued at around ?4million despite having never made a first team appearance.
Arsenal are most confident having already signed Theo Walcott and Alex Oxlade-Chamberlain from the Saints in the last six years.
His talent has been recognised by the FA's director of football development, Trevor Brooking.
Smaller clubs are desperate to cash in on their best youngsters before the EPPP ruling comes into play and all fees will be set by tribunal.