Chelsea have agreed terms with Fluminense to sign 18-year-old defender Wallace next season.
With left-back Ashley Cole not expected to renew his contract at the end of the season and veteran John Terry hit by injuries, the Blues are obviously looking for cover.
And they are not waiting till January to sew up new deals.
Wallace's signing was announced on Chelsea's official website as follows:
"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.
"An attacking right-back, Wallace Oliveira dos Santos was born on May 1, 1994, and made his senior debut this year at the age of 17.
"He has since gone on to appear 18 times in the league for the first team, helping them to the Brazilian league championship, the Rio State League and the Guanabara Cup.
"Wallace, an Under-20 international, was part of the Brazil squad that won the South American Under-17 championship last year, and helped his country to a fourth-placed finish at the World Cup in Mexico at the same level, playing alongside Lucas Piazon."
Wallace will add more Brazilian flair at Stamford Bridge which has already been bolstered by the arrival of playmaker Oscar.