The Blues are again seeking a new manager after Mauricio Pochettino's departure yesterday.
The Mirror says super agent Jorge Mendes has been quick to act and offered Conceicao to Chelsea.
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The 49-year-old recently extended his contract with Porto, but it is unclear if he will stay as Andr Villas-Boas has become the new president of the club. The new contract was signed with former president Nuno Pinto da Costa.
Mendes has a close relationship with Chelsea co-owner Todd Boehly and it's claimed Conceio can release himself from his contract and move without compensation.