The €100 million battle! Chelsea open talks for Palmeiras' 16-year-old wonderkid

The London club has accelerated the negotiations in a bid to secure yet another precious Brazilian talent ahead of the competition.

Details: Chelsea have stepped up their efforts to sign 16-year-old Palmeiras forward Eduardo Conceicao after holding the first round of direct talks with the Brazilian side. This was reported by CaughtOffside.

Palmeiras value the young prodigy's potential at up to €100 million, although financial analysts expect the asking price to come down during substantive negotiations. The Londoners are looking to move ahead of the competition and replicate the strategy of securing an early deal, as they did with Estevao.

The Blues will face fierce competition from Europe's heavyweights: Arsenal, Manchester United, Real Madrid, Barcelona, Bayern Munich and PSG are all closely monitoring Conceicao's progress and are ready to enter the bidding.

It is worth noting that the Palmeiras academy has established itself as the leading factory of South American superstars, producing such next-generation players as Endrick and Estevao.

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