Porto insist they've not fielded any offers for star striker Hulk.

It broke this morning in England that Chelsea had agreed terms with Porto for the Brazil international.

However, O Jogo says Porto are yet to field any serious offer for Hulk and the figure mentioned this morning, around £34 million, falls well short of their valuation.

Chelsea's interest, however, is solid and intense, but they're yet to make an offer.

Working against them was Hulk's impressive performance for Brazil in victory over Denmark on Saturday, which Porto president Pinto da Costa will use to further inflate his asking price.