A Brazil U20 international, Bele is yet to break into the Palmeiras first team, though is highly regarded across South America.
His progress has attracted interest from Europe, with ESPN reporting Liverpool, Paris Saint-Germain and Parma, of Serie B, all expressing interest in Bele in recent days.
Parma's interest is driven by City Football Group, with the Serie B club and Manchester City's owners having a major presence in Brazil.
A potential initial price of around €20 million has been raised by Palmeiras intermediaries, though it is understood the Brazilians are demanding double that for the Brazil U20 starlet.
Bele's contract runs until December 2028 and is regarded among the most exciting talents for his age in Brazil.