Chelsea have failed with a Β£25.5 million bid for Brazilian starlet Gabriel Barbosa, according to UOL Esporte.
The 19-year-old, often compared to compatriot Neymar, is being chased by a host of Europe's elite including Barcelona and Paris Saint-Germain, and the Blues made their interest concrete with a bid.
However, Barbosa opted instead to extend his contract with Santos until 2021, with the value of his release clause set at Β£42 million.
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