Chelsea have agreed terms with the Brazilian club Fluminense for the transfer of 18-year-old defender Wallace, the Premier League club have confirmed.
Wallace, a Brazil Under-20 international, was part of the Under-17 team that won the South American championship last year and were fourth at the World Cup at the same level. He made his senior debut at 17 and helped Fluminense win the Brazilian league championship, the Rio State League and the Guanabara Cup.
"Chelsea football club is delighted to announce we have agreed terms with Fluminense for the transfer of Wallace in the January window. As part of the deal, the 18-year-old defender will remain with Fluminense until the end of the season," read a club statement.
Meanwhile, Fernando Torres has insisted he wants to stay at Chelsea and win more trophies despite enduring a difficult time at the club since his £50m move from Liverpool.
"One of the main reasons to come to Chelsea was that they are always aiming for trophies," Torres said. "I needed to win trophies because they are what you have after you have finished. In my first full season, we won the FA Cup and Champions League. What more can you ask? We have a chance now to win the Fifa Club World Cup.
"I have four more years on my contract so hopefully I can win many more things – the Premier League would be amazing. The Capital One Cup and the Community Shield also."
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