According to Fabrizio Romano, Chelsea have beaten three top European sides to the 16-year-old, who will join in January 2028.
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The West London club have a good relationship with Independiente del Valle having already signed playmaker Kendry Paez from them previously.
Ordonez, a highly rated centre-back, will be the latest South American prospect to sign up for the Chelsea project.
Andrey Santos, Estevao, and Paez are viewed a key figures for the club’s long-term ambitions as Chelsea continue to target elite teenage talent.