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Fayed said: "Pele is the greatest player of all time - a true legend.
"So who better to have scouting for us in Brazil!
"It is very good for the club and, hopefully, we will see many youngsters coming here from South America."
Pele said he feels it is time that English clubs signed more Brazilians.
He said: "Brazilians are playing all over the world, especially in Holland, Spain and Italy.
"But in England there are so few.
"I hope one day we will have skilful Brazilian players playing for Fulham and to do that we must plan ahead.
"I think that can happen because my club Santos produces a lot of good young players.
"Maybe we can find some for Fulham.
"I know I can help Fulham in Brazil because there are many skilful players there.
"Between me and Mr Fayed we can find the right ones and get them ready for England."
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