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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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?