However, Chelsea and Independiente del Valle reached an agreement for £17.5 million earlier this month, despite the fact that the Premier League team cannot sign Paez until he reaches 18.
According to Santiago Morales, general manager of Independiente del Valle, the transfer of Chelsea is "practically arranged" and the Premier League club is looking for ways to get a pre-transfer agreement.
Several months ago, we had already discussed it on a couple different occasions. Chelsea has a definite interest, and the parties have virtually worked it out. Telling Studio Futbol, Morales.
He is a 15-year-old youngster, and FIFA forbids this kind of discussion, so legally we are looking at what can be done.
'We will have the good fortune to enjoy him for at least another two years until he becomes 18, at which point he can leave.
To be able to lead this move, which would be unique in Ecuadorian football, Chelsea is finding out with their league, their federation, and FIFA. "You have to see the legal issue and obviously a transfer contract cannot be signed, maybe some agreement," Chelsea said. It will undoubtedly be the first of many more, we are certain.
"I am confident that Kendry will serve as a fantastic spokesperson for all Ecuadorian athletes, namely those who have the opportunity to make the transition at such a young age.
He truly is a fantastic player and a lovely child, so you have to make the most of these days and these competitions that people come to have fun.