Porto deny Villas-Boas bid
Porto maintain the 15million euro release clause for manager Andre Villas-Boas has not yet been triggered, as their coach looks set to head to Chelsea.
With Guus Hiddink - who enjoyed a successful spell as caretaker at Stamford Bridge in 2008/2009 - now appearing set for a sporting director role once a £4million compensation agreement from his departure as Turkey national team boss is secured, Chelsea seem ready to bring in a younger coach to oversee the first team.
Villas-Boas, 33, would certainly be no stranger to Stamford Bridge, having worked there under Jose Mourinho, and the Portuguese coach has seen his stock rise after guiding the Dragons to domestic and Europa League success last season. However, a Porto statement declared: "So far this club has not received any communication that this clause has been exercised, nor of the agreement of the coach that is desired."
Despite their determination to keep hold of Villas-Boas, president Pinto da Costa admitted the club could not prevent their manager from leaving should certain financial conditions be met.
"Villas-Boas has a contract and a clause of 15million euros," he confirmed.
"If someone deposits 15million euros into our account and he wants to go, we can not do anything because it is something that is contractually specified."
Chelsea remain confident they will soon be in a position to make a formal announcement on their new manager, but will not be drawn on the continued speculation.
A club spokesman told Press Association Sport: "We hope to be able to make an announcement regarding the new manager in the next few days or so, but until then we will not be commenting further on the speculation surrounding that appointment."