Chelsea have reportedly given young defender Wallace the green light to complete a loan move to Gremio this week, according to the Daily Star.
The 21-year-old had initially been on loan with Italian side Carpi this season, but has been allowed to cut that short to head back to his homeland on an 18-month deal.
Chelsea have reportedly agreed a partnership with the Brazilian side and will continue to pay his wages for the length of the loan.
Gremio’s Sporting Director confirmed that the move was close by saying: “We have a lot of ongoing negotiations,” Costa said. “Sometimes you [the press] discover, others have managed to maintain secrecy.
“Maybe we can announce the Wallace deal and yet another player on Wednesday.”
Since signing for the Blues in January 2013, Wallace has yet to feature for the Blues due to problems obtaining a work permit, and has spent time on loan with the likes of Inter Milan, Vitesse Arnhem and most recently Carpi.
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