Chelsea could be making a huge investment in Estevão, one of the emerging Brazilian talents currently playing for Palmeiras, as confirmed by media outlets like AS and The Guardian.

Reports suggest a bid of around $70 million is on the table for the 17-year-old footballer, with a proposed contract spanning seven seasons with an option for one more. However, he would remain in Brazil until he reaches the age of majority.

With this move, although contractual details are still pending, the "Blues" would be preempting interest from clubs like Arsenal or Bayern Munich.

If the signing were to be confirmed, it would represent the most expensive sale in the history of a South American player to Europe, surpassing the fees paid by Real Madrid for Endrick, Barcelona for Vitor Roque, and Neymar.