TWTD understands the Blues have finally agreed compensation with Arsenal for 15-year-old Canadian schoolboy Marcelo Flores, who has been with the Gunners since last summer.
Flores formally signed a scholarship with the North Londoners last week, the clubs having reached an undisclosed agreement.
In September, Blues owner Marcus Evans made his frustrations with the current academy system clear after Town lost Ben Knight to Manchester City for compensation of an initial £1 million plus further top-ups as his career progresses, with Town powerless to prevent the move.
"It is frustrating though to be put in a position where we invest in a young player from the age of nine for several years and then are forced to lose him for a fee well below what I would consider to be a true valuation of that potential,” Evans said.
It’s likely the Flores compensation is lower than the sum received for Knight, while the deal almost certainly also includes top-ups.
Midfielder Flores was spotted aged 13 by former Town academy coach Steve Foley while he was on a coaching exchange in the Caymen Islands.
Flores subsequently joined the Blues' youth set-up and his father Ruben, a former professional footballer in his native Mexico, spent time coaching at Playford Road.
Barcelona, Manchester City, Tottenham and Liverpool were also reported to be among the clubs interested in Flores.
Flores’s sisters, Silvana and Tatiana, are also young players with Arsenal Women.