Chelsea face competition from four other clubs for Santos star Neymar. Premier League pair Chelsea and Manchester City are hoping to land the Santos striker after meeting his £40million release clause.
But they face stiff competition from Barcelona and Real Madrid, who have also met the asking price.
Russian side Anzhi Makhachkala are also believed to have bid for Neymar but it is unlikely the Brazilian will go there.
Santos president Luis Ribeiro said: "We don't want to sell the player but there is a release clause in his contract that can be paid.
"Five European clubs have offered to match the clause.
"I cannot name them because there is an agreement between Santos and the clubs but they are the most important clubs in Europe.
"They have asked to speak to the player and obviously we've allowed them to.
"The clubs have behaved ethically. They sought out Santos first and were willing to pay the clause.
"With this ethical approach, they can talk to anyone - with Neymar's father, with his agent Wagner Ribeiro, and with the representatives of Neymar."
