Liverpool and Manchester United have both been invited to come to the negotiating table to make an offer for Dede.
The highly-rated Vasco da Gama defender has also generated interest from AC Milan, who are looking to revamp their defence.
Vasco da Gama are believed to have financial troubles and selling Dede could help pay off their crippling debts.
United are looking for a long-term successor to Nemanja Vidic, whereas Liverpool's Jamie Carragher will retire at the end of the season.
The Vasco president, Roberto Dinamite, is open to appropriate offers for the centre back.
He told Brazilian publication Lancenet: "We must do what is best for Vasco and what is best for the player himself.
"There is a price. You need to see if Milan intends to reach that number, then we talk.
"Of course, the player likes Milan and the club has a great charm. The player can perform very well in Italy and has a potential of great quality.
"Let's see if we got a great proposal; obviously, it must be in the interest of the player and Vasco."
Source: Daily Express
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