Fabrizio Romano reports that Chelsea have presented Corinthians with a formal bid for Gabriel Moscardo, with the two clubs holding talks and the Brazilian club asking for €25m (£21.4m).
Bruno Andrade reports for UOL that Corinthians and Chelsea have discussed a deal worth €21m plus €4m in add-ons, with a sell-on clause at 10%.
The midfielder would remain with his current club until June 2024, which is unsurprising given Premier League clubs have strict restrictions on signing under-18 players from foreign countries.
Brazilian outlets recently reported that Arsenal were one of the clubs to watch in the race for Moscardo, as people linked to the Gunners recently got in touch with Corinthians representatives to get information on the player.
Manchester City were another club to seek details on Moscardo, and Corinthians have been quick to extend his deal to June 2026 in response to the growing interest in him.
Still just 17 years old, Moscardo has already made eight appearances for Corinthians’ first team this season, playing a defensive midfield role.
That run of games comes in spite of the player recently having to undergo surgery.
Moscardo missed three weeks of matches with appendicitis, but he came straight back into the team once he was fit again.
Most recently, the teenager played 79 minutes for Corinthians against Estudiantes in the Copa Sudamericana quarter-final on Wednesday as they won 1-0 to take a lead into the second leg.