In what is turning out to be a busy transfer season in the EPL, Chelsea football club under Guus Hiddink have announced a finalized loan deal for Brazilian youngster.
Chelsea have confirmed that Wallace has joined Gremio on a season and a half loan deal on Friday.
The Brazilian youngster was a part of the Italian outfit Carpi where he has not been able to cement his place in the starting XI.
He is now back to his home land in Brazil for the rest of the campaign as the EPL franchise give him more time to live up to his potential.
The 21 year old became a part of the London club back in 2013 after a move from Fluminense and is yet to make a senior team debut for the Blues.
ccording to Brazil based reported Paulo Freitas, Chelsea will pay his wages and the clubs have agreed a partnership.
Wallace has also spent time on loan at Inter Milan and Vitesse Arnhem since arriving at Stamford Bridge.
Carpi, his ex side are in the midst of a relegation battle and the Brazilian has not been able to help them out this season.
He has made 7 appearances for the side and was yet to make a telling impact on any game. He will now try and develop in Brazil before Chelsea feels he is up to the mark.
Wallace however has already tasted success with the Brazil Under-17 squad which won the South American Championships in 2011.
Thus it will be interesting to see how the EPL franchise handle his transfers in the years to come.