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Last Updated: Sunday, 29 February, 2004, 09:27 GMT
Chelsea set for PSV link-up
PSV Eindhoven's John De Jong celebrates scoring in the Champions League
PSV could groom players before they move to Chelsea
Chelsea are reportedly close to striking a deal which would make Dutch side PSV Eindhoven their nursery club.

As part of the proposed agreement, Chelsea are helping to fund the signing of Santos defender Alex by PSV.

"Nothing's been properly finalised just yet but there are clear advantages for everyone concerned," PSV chairman Harry van Raaij told the News of the World.

"It is true Chelsea are behind this signing. Everyone's hopeful we can continue to work together."

Brazilian Alex, 21, is reported to be set to spend a maximum of two years with PSV before joining Chelsea.

The proposed link-up between Chelsea and PSV would resemble the co-operation deal Manchester United signed with Belgian club Antwerp in 1998.

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