Chelsea are reported to have snapped up teenage centre-back Tomas Kalas from Sigma Olomouc.
The Blues are just one of a number of clubs to have been tracking the 17-year-old stopper, and are believed to have won the race for his signature.
Juventus, Inter Milan and Bayern Munich have all expressed an interest in the promising Czech over recent weeks, while Bayer Leverkusen thought they had reached an agreement at one stage.
However, the situation has developed further since then, with Arsenal and Chelsea having joined the hunt.
Arsene Wenger is reported to have spoken to Kalas personally in effort to tempt him to Emirates Stadium, with their reputation for nurturing young talent well known.
It appears, though, as if the Gunners have been pipped by their Premier League rivals.
Reports in the Czech Republic claim Chelsea have paid £5million to land the youngster, but are not prepared to publicly announce the signing just yet.
That has forced Sigma to also play their cards close to chest and refrain from naming the club involving.
They have, however, admitted that a deal has been struck and that the player is on his way.
"A spell at a top European club for Tomas Kala was successfully arranged today," read a statement on the club's official website.
Kalas' agent has also admitted to an agreement being reached, but has again stopped short of announcing the identity of his new employers.
"We cannot confirm the club's name yet," Pavel Zika told sport.cz.
"Negotiations were very difficult and I am glad they are behind us now, especially for the good of the player."
It is believed that Kalas, who has made only one senior appearance in the Czech top flight, will return to Sigma on loan for 12 months before moving to England full-time.
The Blues are just one of a number of clubs to have been tracking the 17-year-old stopper, and are believed to have won the race for his signature.
Juventus, Inter Milan and Bayern Munich have all expressed an interest in the promising Czech over recent weeks, while Bayer Leverkusen thought they had reached an agreement at one stage.
However, the situation has developed further since then, with Arsenal and Chelsea having joined the hunt.
Arsene Wenger is reported to have spoken to Kalas personally in effort to tempt him to Emirates Stadium, with their reputation for nurturing young talent well known.
It appears, though, as if the Gunners have been pipped by their Premier League rivals.
Reports in the Czech Republic claim Chelsea have paid £5million to land the youngster, but are not prepared to publicly announce the signing just yet.
That has forced Sigma to also play their cards close to chest and refrain from naming the club involving.
They have, however, admitted that a deal has been struck and that the player is on his way.
"A spell at a top European club for Tomas Kala was successfully arranged today," read a statement on the club's official website.
Kalas' agent has also admitted to an agreement being reached, but has again stopped short of announcing the identity of his new employers.
"We cannot confirm the club's name yet," Pavel Zika told sport.cz.
"Negotiations were very difficult and I am glad they are behind us now, especially for the good of the player."
It is believed that Kalas, who has made only one senior appearance in the Czech top flight, will return to Sigma on loan for 12 months before moving to England full-time.
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