Fluminense: 'Chelsea Wallace negotiations ongoing'

Fluminense confirm that Chelsea are close to a deal to sign 18-year-old Wallace.

Brazilian club Fluminense have confirmed that they are in negotiations with Chelsea over the sale of young full-back Wallace.

Wallace has been hotly-tipped for a move to Chelsea recently, but the deal has yet to be finalised according to the player's current club.

"Wallace has been negotiated for a long time," manager Braga told Terra. "He is a player that has impressed. Do you think people abroad sign someone based on one game?

"They watch a player for two, three months - sometimes even a year. They are taking a great player and Fluminense are completely right in selling him."

Fluminense's director Rodrigo Caetano confirmed that the paperwork has yet to be finalised.

He said: "I can't deny there are ongoing negotiations with Chelsea, but the deal isn't done yet, we still have exchange documents."

Wallace has been capped by the Brazil Under-17s.

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