Chelsea boss Andre Villas-Boas won't rule out a move for Porto fullback Alvaro Pereira.

AVB appeared to cool talk of signing the Uruguay international earlier this week.

The Independent says Chelsea have not yet made any formal contact with Universidad de Chile over their much-coveted forward Eduardo Vargas, rated at around £10m. The Portuguese is, it is thought, more concerned with reviving his interest in the Uruguayan winger Pereira, available from Porto for £20m.