The Blues have agreed a deal to sign Estevao, 17, from Palmeiras for an initial fee of £29m, plus performance-related add-ons.
The Brazil Under-17 international has scored four goals from 17 senior appearances in the Brazilian Serie A, Copa do Brasil and Copa Libertadores.
Meanwhile, Anselmino has been the subject of an official offer to Boca Juniors, reportedly worth between £12m and £15m.
Chelsea’s parent company BlueCo plans to send the 19-year-old centre-back on loan to Strasbourg, their partner club, which is also under BlueCo ownership.
BlueCo continues to pursue its strategy of signing the world’s best young talent, particularly from South America, by showing interest in Estevao and Anselmino.
Estevao follows compatriots Andrey Santos, Deivid Washington and Angelo Gabriel in signing for Chelsea, while 17-year-old Ecuadorian forward Kendry Paez will arrive in 2025 from Independiente del Valle.
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