Arsenal and Chelsea set to battle for £20 million rated Brazilian wonderkid

Premier League giants Arsenal and Chelsea are set to go head-to-head in a bid to sign a Brazilian wonderkid.

It has been another busy transfer window for the two clubs from London.

According to Brazilian journalist Jorge Nicola, Arsenal have entered the race to join Chelsea as they continue to keep tabs on Moscardo.

The 17-year-old made his senior debut earlier in the year after coming through the ranks at Corinthians.

After producing some impressive cameos playing in the Brazilian Serie A, Moscardo has attracted interest from the Premier League.

During the summer transfer window, it was reported that Chelsea made a bid of around £20 million for Moscardo.

However, the offer was swiftly rejected by Corinthians, who are looking to make more than £20 million if they are to part ways with the highly-rated midfielder.

Although they have had a bid rebuffed, Chelsea are reportedly still very interested in signing the teenager and will be looking to reignite their interest next year.

The report claimed that although Arsenal are already analysing the player’s development, they are yet to make a concrete approach.

In recent years, Arsenal have been exploring the Brazilian market when looking for promising players.