According to UOL, Arsenal, Chelsea, Liverpool and Manchester City have all reportedly made contact with the player’s representatives.
Palmeiras remain in a strong negotiating position, having secured the youngster’s future with his first professional contract signed in January.
The youngster also has an £87 million release clause (€100m) for clubs outside of Brazil.
Eduardo Conceicao is the latest diamond to emerge from Palmeiras’ prolific youth academy, following in the footsteps of Endrick and Estevao Willian.
A dynamic left winger who can also operate as a right winger or second striker, he is currently the standout performer for the Palmeiras Under-20 side.
Chelsea is aggressively pursuing a repeat of the Estevao Willian masterstroke by going back to the Palmeiras production line.
Having already successfully negotiated for Estevao Willian, Chelsea’s hierarchy possesses a high-trust relationship with Palmeiras that rivals like Arsenal and Manchester City are only beginning to build.
This rapport is critical, as Palmeiras has already rejected bids.
Chelsea offers the 16-year-old a direct path to reunite with his former teammate and friend, Estevao, providing a ready-made support system at Stamford Bridge. And having seen his rise since moving to England, there’s already an incentive to choose that option.