Chelsea are set to beat Manchester United to the signature of 14-year-old American wonderkid Freddy Adu for a £3m fee, according to reports.
Adu has attracted interest from around Europe
The highly-rated teenager, who has been part of the USA Under-17 set-up since he was 13, was rumoured to be set to move to Old Trafford.
But the club apparently pulled out of a deal on Wednesday, allowing Chelsea to move in.
The big-spending London club, who have already spent over £100m since Russian billionaire Roman Abramovich took control in July, will reportedly pay Adu's family £3m over four years.
Real Madrid and Inter Milan are also said to be planning talks with the youngster, who moved to the States from his home country of Ghana when he was eight and has already earned a $1m deal with Nike.
Meanwhile, Sir Alex Ferguson has warned Chelsea that United are still the team to beat.
Ferguson said: "We aren't going to build them into a bloody monster or we'll be trembling in a minute.
"They still have to beat Manchester United for the league - and we'll see about that."
Ferguson also insisted there would be no more switches from Old Trafford following chief executive Peter Kenyon's defection to Stamford Bridge .
"Everyone is nailed down here," he added.