Rio de Janeiro, March 27 (IANS): Brazilian football giants Palmeiras have signed Chilean star Francisco Arancibia.
The 18-year-old joins the eight-time Brazilian Serie A champions from O Higgins for $600,000, reports Xinhua.
"He is a player we have watched and he is very young, which is always a good thing," Palmeiras football manager Alexandre Mattos said on Thursday.
"We are open to welcoming top players and our priority now is to make our team as competitive as possible."
Arancibia was called up by Chile coach Jorge Sampaoli for the national team's friendlies against Iran on Thursday and Brazil on Sunday.
Sao Paulo-based club Palmeiras narrowly avoided relegation from Brazil's top flight last year after being promoted from the Serie B in 2013.