The Daily Mirror says Chelsea look set to lose the race to sign Brazil striker Hulk with Russian giants Zenit St Petersburg ready to trump the European Champions with a £38million offer.
Hulk, who has helped his country into the Olympic football final at Wembley, excelled for Porto last season and his reputation is reflected in a release clause of £80m. However, he is available for a 'cut-price' of £38m.
But long-term admirers Chelsea are refusing to budge from their valuation of £30m, allowing Zenit to nip in.
The Russian side are also prepared to offered Portugal centre-half Bruno Alves as part of the deal as a further sweetener for Porto.