The 18-year-old has recently been linked with the likes of Manchester United and Real Madrid, according to TalkSPORT.
But the youngster has ended up signing a new deal with Sao Paulo that will keep him at the club until the summer of 2015.
Lucas’ agent Wagner Ribeiro said: “This is satisfactory for both parties and the deal has also increased his wage substantially.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.