Chelsea Target Luis Pacheco Signs New Palmeiras Contract Until 2031
Palmeiras have strengthened their position in negotiations over Luis Pacheco’s future after the highly rated Brazilian midfielder signed a new contract running until December 2031.
The 18-year-old has reportedly attracted interest from Chelsea, but the Brazilian club have moved to protect one of their promising young talents by extending his agreement and significantly increasing his release clause.
According to RTI Esporte, Palmeiras finalised the extension on October 27, adding more than three years to Pacheco’s previous contract, which was due to expire in September 2028.
His release clause has also increased from €100 million (£86.5m) to €130 million (£112.5m), giving Palmeiras greater protection against potential approaches from European clubs.
Chelsea Monitoring the Brazilian Midfielder
Chelsea are among the clubs keeping track of Pacheco’s development.
As previously revealed exclusively by Sport Witness, Palmeiras had been presenting the midfielder to several clubs, with the Blues among those showing interest.
Chelsea reportedly wanted additional time to assess his progress before deciding whether to make a move. January had been considered a possible opportunity, although Palmeiras’ new contract could make any potential deal more complicated.
The increased release clause does not necessarily mean the Brazilian club expect a European side to pay that amount, but it places them in a strong negotiating position and removes any immediate pressure to sell.
Pacheco Focused on Earning His Place
Despite the growing attention surrounding his future, Pacheco is still working to establish himself in Abel Ferreira’s first team.
The defensive midfielder has made 13 senior appearances so far and remains focused on earning more opportunities.
Speaking after signing his new contract, Pacheco described the extension as a moment of achievement and gratitude, thanking the club’s staff and everyone who had supported his development.
He also acknowledged Palmeiras’ support following the death of his mother, explaining that the club had helped him through the most difficult period of his life.
Pacheco remains determined to keep working and earn his place in the team, while Palmeiras have made it clear that they see him as part of their long-term plans.
For Chelsea, the coming months could provide a clearer picture of his development and whether their interest eventually turns into a concrete transfer approach. For now, Palmeiras have secured his future until 2031 and are in a strong position to decide what happens next.
