Watford have completed a deal for teenage striker Joao Pedro.

The 16-year-old, who currently plays for Brazilian side Fluminese, has agreed a move to Vicarage Road for an undisclosed fee.

However, due to the striker's age, the transfer will see Pedro complete the switch in 2020 - due to rules restricting the selling of players under the age of 18.

It's thought that Fluminese president Pedro Abad recently travelled to London to complete the deal with the Watford hierarchy.

The two clubs do have a history of doing business after the Hornets completed the signing of Richarlison in the summer of 2017.

The Brazilian winger moved to Vicarage Road for a fee in the region of £11.5million as a 20-year-old, before selling him for a fee in the region of £50million just 12 months later.

(Image: Getty Images Europe)

Richarlison's move to Watford represented outstanding business - something which signalled the start of a new approach in the transfer market for the Hornets.

The Premier League is renowned as the one of the richest and most prestigious leagues in world football.

This means that a player who can list the English top flight on their CV will attract a likely premium on any future transfer feees.

With transfer fees and wages spiralling out of control, Watford's new approach of signing high potential talent is an extremely smart way of doing business.

It means that by signing a player for a relatively modest fee at an age where they are still going to develop, Watford stand to make a healthy profit if that player moves on.

It's an approach which has steered the way that the club does business at the moment, with the likes of Pontus Dahlberg, Ben Wilmot, Marc Navarro, Adam Masina, Ken Sema and Domingos Quina all still on the upward curve of their careers, meaning that Watford will hope to make a healthy profit if the players develop in the way they'd hope.

As for Pedro, the 16-year-old is renowned as one of the hottest prospects in Brazil at this moment, and by making an early move, it means they have secured the bright talent before any of Europe's big-hitters, while also clinching the deal before his transfer fee rockets.

It's something that the club did with Richarlison - a deal which many will see as a tremendous piece of business to buy and sell a player within 12 months while also attracting a substantial profit.

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