Chelsea are ready to cut loose Lucas Piazon from his contract.

Goal says Piazon looks set to leave Chelsea after the club terminated his loan at Portuguese side Rio Ave ahead of a permanent move.

The former Brazilian wonderkid, who signed from Sao Paolo for £6.75million in 2012, has made just three appearances in nine years at Stamford Bridge, with seven separate loan spells away.

Although Piazon has six months to go on his current deal with the Blues, an option for a one year extension means that they can still profit from his departure.

The midfielder last played for Chelsea more than eight years ago in December 2012, when he came on for 16 minutes of their 8-0 win against Aston Villa.

Since then he has been loaned out to Malaga, Vitesse, Frankfurt, Reading, Fulham, Chievo and finally Rio Ave, where he made 36 appearances.