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Chelsea have agreed a deal with the Portuguese club for the 20-year-old to join on an initial one-year loan.
Striker Claudio Pizarro recently left Stamford Bridge to join Werder Bremen on loan, while Andrei Shevchenko's future remains unclear.
Sporting have an excellent record in developing young players, most notably Cristiano Ronaldo.
Under contract to Sporting until 2010, Paim was loaned to Portuguese club Pacos da Ferreira last season.
(BBC)
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