Flamengo are ready to cash in on star youngster Renato Augusto in January.

Globoesporte says Flamengo chiefs are prepared to sell Renato to fund their restructuring plans and received interest from Chelsea last month.

Manchester United and Liverpool have also expressed interest in the 20 year-old this season, whose buyout clause is set at £12 million.

Flamengo president Kleber Leite is prepared to sell should a European club come in with a significant bid for Renato.