Squeaky Bum Time sources have revealed that the Russian oligarch has agreed a fee with the Portuguese club and personal terms with the player but the transfer has yet to be completed.
It’s thought that Abramovich is getting cold feet over signing the Brazil international despite Chelsea requiring a powerful frontman to fill the void left by Drogba following his departure from Stamford Bridge on a free transfer.
Rumour is that the billionaire is still interested in Napoli forward Edinson Cavani and Atletico Madrid star Falcao and that is the reason why confirmation over Hulk’s switch to the Blues has hit the buffers.
Ideally Abramovich would like to bring the 25-year-old and one of Cavani or Falcao to West London in the summer but with each of them costing upwards of £35 million the 45-year-old is aware that he must be considerate with his finances as UEFA’s financial fair play regulations loom.
However Abramovich will have to move swiftly should he decides to sign Hulk with the players’ representative Teodoro Fonseca admitting Chelsea aren’t the only club monitoring the strikers situation.
“The Blues [Chelsea] are not the only European club interested and at the moment it all depends on Porto,” Fonseca told Record.
“I am in permanent contact with president Pinto Da Costa but there have been no advances on this subject.
“The club want him to stay and we have received the offer of a new deal. If Hulk stays in Porto then there is no problem as he is happy in Porto.
“He has had three years of interest from big European clubs and he still plays in Portugal.”