Brazilian full-back, Wallace, 18, was on the brink of signing for Chelsea on Thursday, according to Fluminense director Rodrigo Caetano. Caetano claimed the European champions were close to tying up a deal for the 18 year old, who has been linked with Manchester City, Juventus and Napoli.
According to reports, Chelsea have held an astonishing 40% of Wallace's economic rights since 2010 ? following Deco's free transfer from Stamford Bridge to Fluminense, and the London club were ready to pay ?4.4million for the Brazilian.
Fluminense's manager, Abel Braga told the Brazillian news website, Terra: 'Wallace has been negotiated for a long time. He is a player that has impressed ? They are taking a great player and Fluminense are completely right in selling him.'
Caetano said the necessary paperwork had still to be completed for the player. He said: 'I cant deny there are ongoing negotiations with Chelsea, but the deal isnt done yet ? we still have to exchange documents.'
Caetano went on to say:'And there is a non-disclosure agreement clause, and in case the information leaks, the deal might not happen ? lets hope this problem doesnt prevent the deal from happening.'