Italian reports: Chelsea beat Napoli to youngster Wallace
Sky Italia transfer expert Gianluca Di Marzio reports that Chelsea have beaten Napoli and Juventus to the signing of Fluminense right-back Wallace.
Wallace, 18, is already part-owned by Chelsea following the transfer of Deco to the Tricolor and, after making his debut in 2011, has seen increased first-team action this campaign.
The attacking full-back, a key member of last summer's Brazil Under-17 side that travelled to the World Cup in Mexico, may now finally make a long-awaited switch to Stamford Bridge.
Di Marzio reports: "In the last few hours Chelsea have made their move. The deal is concrete because Chelsea already own 40% of his rights from the transfer of Deco.
"The plan was to take him to England when 18 years old, which he arrived at in May. Now, Chelsea are working to close the deal and to make sure of the young prospect, Wallace."
Chelsea are, though, still in the hunt for a new right-back, with Wallace unlikely to be the immediate solution. It is widely reported that Marseille's Cesar Azpilicueta may also end up in West London in the coming weeks.