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Chelsea can buy Alex for just a dollar.

alex.jpgChelsea can sign Alex, currently playing for PSV Eindhoven, for just $1 in the summer, after details of their strange agreement with PSV emerged last night.

The Brazilian defender was signed by Chelsea in 2004 for eight million euros, but he was transferred to PSV because he could not satisfy the strict work permit regulations of UK.

Chelsea however have first option to buy the defender and Roman Abramovich’s cash rich club can exercise that right by paying just $1 at the end of the season.

A Chelsea source said last night: “Alex is a PSV player. His international transfer certificate is held by PSV and he is registered with them.

“We have an option to buy him at the end of the season, but he is not a Chelsea player. We have no control or influence over his selection.”

Meanwhile, PSV coach Ronald Koeman did claim that Chelsea own the player after Wednesday’s 1-1 draw at the Emirates Stadium. A statement Stamford Bridge officials were keen to distance themselves from.

Despite Chelsea’s denial, Alex claims he is already a Chelsea player and insists that he may be at Stamford Bridge next season.

The PSV defender claimed: “I know my contract belongs to Chelsea, but I’m a PSV player. I would love to play in the Premiership and we will see what happens at the end of the season.

“I don’t know whether I will stay in Holland or get a chance in England with Chelsea. I cannot really explain what happened because I thought I was going to be playing for Chelsea this season but apparently there was a problem with a work permit and I had to go back to PSV.

“I’m not sure whether I will stay with PSV or go to Chelsea. I will go back to Brazil this summer and then I will leave it up to my representatives to sort out my future.

“If this makes Chelsea happy that’s good, but my only thought was to help PSV beat Arsenal and go through. I was determined to do that and I am very happy to have done that.

“We will see who we get in the draw but it would not worry me if we got Chelsea. That would give me the chance again to show what I am capable of as a player.”

Chelsea chief executive Peter Kenyon, who is in Athens for UEFA Champions League draw, insists they are first in the queue to sign the Brazilian but it is understood they are unlikely to exercise that right.

Alex is required to play in 70 per cent of Brazil’s internationals to qualify for a work permit.

Despite his classy performance for PSV on Wednesday, Chelsea doubt whether he is good enough to play in the Premiership, but they will make a decision on his future at the end of the season.

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