Manchester United and Chelsea are battling it out for the signature of Ecuadorian wonderkid Moises Caicedo, with Ecuadorian journalist Diego Arcos reporting that his move to United is all but done.

The news comes after the Daily Mail suggested that Chelsea were hoping to steal a march on their rivals to land the talented youngster from Independiente del Valle.

Arcos states that Caicedo’s move will definitely happen and should be announced soon, with United believed to be paying a fee of £4.5 million.

The report says that Caicedo will sign a five-year deal at Old Trafford, although no further news has been announced to confirm the rumours.

If true, it confirms news revealed by the Manchester Evening News that the Reds are pursuing a policy of signing the best-rated teenage talents from around the world.

Caicedo turned 19 last month and has appeared for Ecuador in their last four World Cup qualifiers.