Watford supremo Gino Pozzo is planning to purchase a new team.
The Watford Observer reports the Pozzo family currently hold control of Premier League side Watford and Italian Serie A outfit Udinese.
Watford chief Pozzo is now looking to increase his portfolio of clubs by acquiring Portuguese top-flight minnows Tondela.
But he will face competition for the club from ex-Chelsea star Deco and an unnamed Chinese investor, who are also interested.