Porto have made it clear that they have not received an offer from Chelsea for star striker Hulk who has been long linked with a move to Stamford Bridge.
The 25-year-old is seemingly the next target for Chelsea after they completed deals for Marko Marin and Eden Hazard as the club look to challenge back at the top of the Premier League.
There had been reports that Chelsea had made an offer of £30million for the Brazil international, but that has been denied by Porto president Pinto da Costa.
"At this point, there have not been any offers made to Porto, or anyone related to Porto, with regard to Hulk," Da Costa revealed to Portuguese radio station Antena 1.
"That is the truth, despite what the papers say about Chelsea and PSG. Those stories are simply rumours. If you believe what they say, Hulk has already left us."
Hulk has enjoyed incredible success at Porto where he has won numerous trophies, including the league title in the last two seasons.
In his last two seasons he has scored 57 goals, but Porto would be in no rush to sell a player who still has two years left on his current contract with the Portuguese champions.