Chelsea have denied making a bid for striker Hulk due to Porto's inflated asking price, according to ESPN sources.
Wealthy Russian club Zenit St Petersburg have been reported to offer £40 million for the Brazilian, which does not meet the Portuguese outfit's valuation of their main asset. "I have not heard about a bid from Zenit, but at £40 million I cannot see Porto selling," an ESPN source stated on Wednesday.
While his buy-out clause is set at £85 million, which shows the limited flexibility of the Portuguese outfit. If Porto are to sell Hulk, they will need to massively decrease the Brazilian's valuation to entice Chelsea to the negotiation table, but it seems unlikely they are willing to allow the striker to depart the club.