Chelsea are close to agreement for Porto star Hulk.

The Telegraph says Chelsea are finally close to a £40 million deal to sign Porto striker Hulk with sources claiming on Tuesday night that the transfer was "90 per cent" complete.

There was some confusion over the fee that the Portuguese club would accept, however, with officials claiming they still want £60 million - which Chelsea will not pay.

Personal terms are understood to have been agreed already, however, and although Porto are denying that they are close to an agreement, it appears that the transfer is moving closer.