Internacional have revealed Chelsea are close to agreeing a deal for Oscar dos Santos Emboaba Junio.
Chelsea's interest in Oscar was confirmed by Internacional late last week following reports suggesting the Blues were confident of wrapping up a deal for the 20-year-old Brazil international, who will feature for his country at London 2012, in the next few days.
The South American club insist Oscar will only join Chelsea if the Premier League club make it biggest transfer in the country's history.
But Internacional president Giovanni Luigi admits a deal is edging closer.
"I want the transfer of Oscar to be the biggest transfer deal ever in Brazilian football," Luigi told Radio Gaucha.
"And the Chelsea offer isn't that far from that."
However, Luigi also admitted he is prepared to keep hold of Oscar if the club's valuation is not met - just as they did with Leandro Damiao.
"Last year Tottenham made two offers for Leandro Damiao. We kept him and he was very important," he continued.
"He is Internacional's top scorer in Libertadores and Brazil's national team number 9.
"Oscar's situation is similar. I'm part of an administration that has always been competent to replace those players that leave.
"If regarding Oscar we get offers that match our expectations, we'll negotiate.
"But they have to be of the value that mean significant resources for Internacional. But those values would be the biggest negotiation in Internacional's history."