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12/07/2012 - 12:08 BST

No Financial Pressure to Sell Chelsea Target Hulk States FC Porto President

Thursday, 12th July, 2012

FC Porto president Pinto da Costa has reaffirmed that the Portuguese champions are under no financial pressure to sell Brazilian forward Hulk.

The 25-year-old has been targeted by Chelsea this summer, while Paris Saint-Germain and Anzhi Makhachkala are also watching developments at the Estadio do Dragao with keen interest.

Hulk himself appears to have his heart set on a switch to Stamford Bridge and has made several encouraging noises to that effect.

But Porto are not desperate to cash in, despite still being owed €28M by Atletico Madrid from the sale of Radamel Falcao last summer – and so only a lucrative offer will be enough to snare Hulk.

"We have not received any bid for the Brazilian and his departure is not necessary for the club from a financial perspective", Da Costa told Portuguese daily A Bola.

"But, if an interesting offer comes in then he can go", added the Porto supremo.

Hulk has a release clause of €100M in his Porto contract, but the Portuguese champions have adopted a more realistic stance over his departure.

It is thought a bid of between €40M and €50M will secure the striker.

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