Arsenal and Chelsea have been handed a huge transfer blow as Moises Caicedo has signed a new four-year deal with Brighton and Hove Albion.
The 19-year-old Ecuadorian midfielder had been linked with a move to the Premier League, with both Arsenal and Chelsea reportedly interested in signing him.
However, it appears that the two clubs have missed out on the highly-rated youngster, as he has now committed his future to the Seagulls.
Caicedo joined Brighton from Ecuadorian side Independiente del Valle in January 2021 and has since made four appearances for the club.
He has impressed in his short time at the Amex Stadium, and his new deal will keep him at the club until 2025.
The news will come as a huge blow to both Arsenal and Chelsea, who had been hoping to sign the talented midfielder.
Arsenal had been linked with a move for Caicedo in January, but the move never materialised.
Chelsea had also been credited with an interest in the player, but it appears that they too have missed out on the opportunity to sign him.
The news will come as a huge disappointment to both clubs, who had been hoping to add the Ecuadorian to their squads.
Caicedo is highly rated in his homeland, and he has already made his debut for the Ecuadorian national team.
He is seen as one of the brightest prospects in South American football, and his new deal with Brighton will ensure that he continues his development in the Premier League.
The news will come as a huge blow to both Arsenal and Chelsea, who had been hoping to sign the talented midfielder.
However, it appears that they have missed out on the opportunity to sign him, and they will now have to look elsewhere for reinforcements.
It remains to be seen if either club will make a move for Caicedo in the future, but for now, he is a Brighton player and looks set to remain at the club for the foreseeable future.