Conceicao had been among the most talked-about teenage prospects in South American football across the past several months, with his performances for Palmeiras‘ U20 side and for Brazil at the FIFA U17 World Cup generating significant interest from some of the biggest clubs in Europe. Report: Palmeiras resolve to develop Conceicao as asking price set at £42MAs reported by Globo Esporte and relayed by Sport Witness, Palmeiras have now resolved to retain Conceicao and promote him into the senior squad, with the club having altered their stance after negotiations cooled during the World Cup period. Should they decide to sell in future windows, Palmeiras are understood to be targeting a fee of around £42 million, a figure that reflects both the player’s exceptional potential and the precedent set by the club’s recent sale of Estevao to Chelsea for a figure in excess of that amount. Conceicao has been secured on a new contract that includes a release clause understood to be in the region of £85 million, providing significant protection against any unsolicited approach at a lower valuation and giving Palmeiras full control over the terms on which any future departure could occur. Manchester City’s summer transfer window so farCity’s pursuit of Conceicao was one of several youth-level threads in a summer that has already delivered a club record £116 million signing of Elliot Anderson and the dual academy coups of Jeremy Monga from Leicester and Mishel Nduka from Arsenal’s Hale End.