Palermo chief convinced Chelsea, Real Madrid chasing Lulinha, Renato

Palermo president Maurizio Zamparini has hinted Chelsea and Real Madrid are chasing Brazilian starlets Renato Augusto and Lulinha.

Corinthians teen Lulinha and Flamengo striker Renato Augusto have both been linked with Palermo, but Zamparini says: "These players are wanted by Europe's biggest clubs.

"Palermo cannot compete with Real Madrid or Chelsea."

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