By Harry Harris, Football Correspondent
ESPN understands Chelsea have yet to reach an agreement with Porto for the signing of striker Hulk.
• Hulk hints at Porto exit
Speculation has suggested Chelsea are on the brink of tying up the transfer of Hulk, whose contract commands a reported €100 million release clause.
It is claimed Porto could accept a fee nearer £38 million for the Brazilian, who this weekend hinted that he could be ready to leave Estadio do Dragao.
However, when asked about the reports, a source has told ESPN: "I wish that was true, but there is no deal with Chelsea."
It is also understood that Chel sea, who are said to be in the market for a forward following Didier Drogba's exit, deem Atletico Madrid forward Falcao out of their price range at present.
Atletico are seeking £45 million for the Colombia international, whose goals helped guide Atletico to Europa League glory this campaign.
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