Chelsea are yet to make an offer for Santos star Neymar this summer, it has been revealed.
The Daily Mail says Chelsea and Manchester City have not lodged £40m bids for Neymar despite hints to the contrary from Santos president Luis Alvaro de Oliveira Ribeiro.
Only Real Madrid have matched the asking price for the Brazilian teenager at this stage.
Neymar's future isn't expected to be settled until after the Copa America.
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