Sao Paulo confirm Chelsea deal
Brazilian to arrive at Stamford Bridge in January 2012
By Graeme Bailey - Follow me on Twitter @graemebailey. Last Updated: 16/03/11 5:09pm
Sao Paulo have confirmed that they have agreed a deal with Chelsea for Lucas Piazon.
The 17-year-old midfielder will move to the Premier League champions in January 2012, which is the first transfer window to open after he turns 18 later this year.
The deal is worth around £5.3million, 80 per cent of which goes to Sao Paulo, with rest divided between the player's camp.
Piazon has never played a senior game for Sao Paulo and is not to be confused with his team-mate Lucas, who recently starred alongside Neymar for Brazil's Under-20 side at the South American Youth Championship.
Chelsea have fought off interest from Juve to clinch his signature, after he underwent a medical in London earlier this month.
Piazon is yet to put pen-to-paper as he had to fly to Ecuador to participate in the South American Under-17 Championship.
Sao Paulo vice-president Carlos Augusto de Barros e Silva confirmed the deal was in place, and was done so they could pay for the signing of Luis Fabiano, who they brought back to Brazil last week.
"It is a big deal for the club," he confirmed.
"The value of it is almost the same as that of Luis Fabiano.
"He nearly joined Juventus earlier this year, but now everything has been resolved."