Liverpool have confirmed the signing of 14 year old sensation Oluwaseyi Ojo, with the youngster choosing a move to the Reds over Chelsea.
Ojo has been the subject of a great deal of Premier League interest, after starring for the England Under 16 side, and putting in top-class performances for League One side MK Dons's youth team.
"This is the opportunity of a lifetime for Seyi and his parents which has proved far too difficult to turn down," MK dons chairman Pete Winkelman said.
"There has been a lot of interest and speculation regarding Seyi which he has coped with admirably.
"We are extremely proud to have Seyi in our record books as our first schoolboy to receive an international cap. Everyone at the club would like to wish Seyi the best of luck and we all look forward to the day he runs out at Anfield."
Liverpool stepped in and were able to snare the starlet from the Blues at the last minute.
A fee of £2 million is being reported as Ojo's price, and while Chelsea were pushing hard to get hold of the Englishman, Liverpool were able to offer maximum game time.
Ojo will now be under the wing of Liverpool youth academy director Frank McParland, where he will aim to move into the reserves side and then on to the seniors.
The Anfield club are currently working hard to develop the youth side of their squad, with Kenny Dalglish and director of football Damien Comolli using a model based around gaining long-term success. Youngsters Jon Flanagan and Jack Robinson have been given their chances to shine for the senior club, and Dalglish's transfer policy has followed a rule of taking on younger players who can offer the Reds a good many years of footballing service.
A pro British policy also appears to be in place for the Reds, with Andy Carroll, Jordan Henderson and Charlie Adam all big coups in Dalglish's tansfer plans this year. And Ojo is touted to be the next big thing in English football, playing for the international side with an average of two years above his age.
The club are also reportedly tracking 15 year old Jordan Ibe, in a sign that the club are aiming to create players rather than buy them - but Liverpool face competition from Manchester City, Manchester United and Chelsea in their pursuit of the wonderkid.