Ajax have pulled off a huge coup by beating a host of clubs including Manchester City to 16-year old Riechedley Bazoer.
Bazoer has announced he is leaving PSV Eindhoven, but it was widely thought he would be destined for the continent with City leading the race having met his family.
However, the Dutch champions have persuaded Bazoer to continue his footballing education in Amsterdam.
Director of football, Marc Overmars, told Ajax's website: "Riechedly is seen as one of the biggest talents in the Netherlands, he has enormous potential to be a very good player.
"And it's very good to see that this top talent - as happens a lot - does not move on to England but made a conscious choice for Ajax.
"We want to have signed talented players of around 16, 17 years old. At the age of 19, 20 years you are in a much different financial situation. Therefore we want to sign such talented players as soon as possible. Bazoer is a great example of that."
Bazoer explained: "I have decided to choose Ajax as I expect to become a better player here. I was impressed by the plans they had for me.
"It was very positive to hear how they see the future of me. I am grateful to all coaches and accompaniment at PSV for everything they done for me. I have learned a lot there and have got many friends there. But I think Ajax is at the moment the best place to make my dreams come true.
"PSV will always keep a special place in my heart. But now I have chosen for my further development."